When the clock struck midnight and it officially became July, the market went on a pure, unadulterated 16 handle run off the lows of the globex session. The move tested the RTH highs from Friday at 1610 before retracing just above 1600. A second test of the 1610 level occurred, giving us five touches of this level.
Should it be tested again in RTH, I’ll be playing for a move though it and up to 1614.
I’ve noted other key levels for today’s trade on the following bar chart. I upgraded NinjaTrader over the weekend and haven’t managed to work all the bugs out. Therefore I will be trading without my profiles today, aka V.F.R.
Click to enlarge:
