Quick Note: After a weak open the market managed to recover and close higher as it continues to oscillate in a tight range ahead of this Friday's widely anticipated CPI report. We will continue to trade and evidence based approach level to level in this environment by respecting price action in concert with key support and resistance areas. It's imperative that you have a plan that is commensurate with your objectives/approach with respect to trading or investing. Remain focused on YOUR PLAN.
Tomorrow I will be watching the ES 4150 level as my pivot along with AAPL 147 level for short term guide. If the above levels sustain, I would favor further upside probing with 4170-80 up next followed by 4200-30 while a failure would likely lead to another test lower with key support around 4100. A daily close below 4090 would likely lead to increased selling.
Please take a moment to look at the trade ideas.