#ES_F ES PRE-MARKET RESEARCH JULY 8, 2015

#ES_F ES PRE-MARKET RESEARCH JULY 8, 2015

Man Over Market Podcast

08/07/2015 1:22PM

Episode Synopsis "#ES_F ES PRE-MARKET RESEARCH JULY 8, 2015"

The day session had a roller coaster ride with a whopping 41.25 handle range, not bad at all for summer trading. The probe lower to 2035.00 is actually healthy IMO, clearing the way for a rally into the three month old trading range. When the market was unable to take out the Globex Sunday night low, it took off on a rampage to end the day with an engulfing pattern, a buying tail, and a close near the top of the trading range. Still the VPOC ended lower at 2043.50 but the value area was overlapping lower and higher. All this was supposedly due to the Greeks returning to the negotiating table and possibly getting an extension till the end of July to resolve their issues with the IMF.

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