1. We don't like gaps on the first of months so this an unlikely play for us.
2. We will be interested in making plays based on our S/R levels and how price is acting in the areas. Any break of 15564 to the upside will create a good trading opportunity. Also if we break 15431 on the downside we will have another great opportunity. But if these don't appear we will look to our S/R and VA for trading opportunities.
3. We also have 2 news events which should shake up the market a bit. We are smart traders and these are things we want to be aware of.
4. And as usual we will be huge fans of TICK plays.
Important news:
Jobless Claims 8:30 am
ISM Mfg Index 10:00am
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