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ESZ 10/20/16

ESZ 10/20/16

S&P 500 E-MINI FUTURES CME_MINI:ESZ2016

At the time of this writing, ES is kind of in no man's land where it can really go either way. If not able to break back below the ex-bear zone then bulls might be able to push it higher. The baby bull zone might have more punch to it than given credit for as the ES 24hr pivot is located inside. My plan is to stick with scalps in both directions until we rage higher, eventually setting up a nice swing short, or maybe even taking a chance on a long swing in the baby bull zone. Some Fed talk today, some economic data, and some CL             related news all holds potential to move us around a bit so we might have a volatile day ahead.