There was some aggressive e-mini selling early in today's pit session. Volume was a little higher than yesterday's at the same time. However the market never really got going to the downside and has since put in the strongest rally of the session so far. This is more evidence that buyers have taken advantage of today's break and are willing to hold their positions in the face of some bad news and a little adverse price action.
These clues suggest that later today we shall see a move above the 920 level on increasing volume. If this happens I'll be looking for move to 965.
by Carl Futia (CarlFutia.com)