Key ES levels
ES 884 (globex high) and ES 875 (morning low) are key ES levels going forward. IMO, ES 875 will not be breached for few days. There will be an upward bias unless some really bad news comes out.
Breach of ES 884 should create a rapid move towards ES 895 region. The first attempt to breach ES 884 failed during pre-market. Next attempt should succeed IMO, which should take us to ES 888, followed by a retest of ES 884 and then into the close, I think we power up ahead towards ES 895.
Expect a head fake down to ES 884 sometime overnight or tomorrow. If we do go to ES 890+, I will hedge my calls (all of them) and un-hedge them when we visit ES 884 region again.
If however we breach ES 875, I will close all my calls and go short.
