Trading plan for July 1, 2016

160630-ES-daily

ESU6 June 30, 2016. Daily chart.

The rally continued yesterday, successfully bringing the price back to pre-Brexit levels. It confirmed the short-term low was last Monday’s low.

Today is the first day of July. The bias will continue to be bullish. But a gain of almost 109 points in three days could encourage some profit taking… especially on the Friday before a holiday weekend.

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