June 4th, 2013 E-mini Prep Work

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Yesterday’s trading session did not push above the overnight high, so the same midpoint and resistance zones still stand.

A few important things to mention. The overnight session has made a pretty solid base around the daily pivot point and yesterday’s value area high. The 4pm gap is at 1638.50 and the 4:15pm gap is at 1636.00, while yesterday’s session high was at 1639.00. All this goes to say, that shorting even for the gap fill is contra trend and should be managed accordingly.

Here is the chart:

june4th

Relatively light news schedule today. Go get em’