After a pretty big gap down overnight, we saw some rangebound trading in the early morning. Once we broke out of the early 3 point range, we got 3 beautiful setups with the increased volatility for a max profit potential over 7 points.
It’ll be interesting to see if we break the 13800 area overnight or pre-market. If we do, I could see the S&P 500 e-mini slamming all the way down to test 1370. However, we’re still in a major bullish trend, and I wouldn’t be surprised to see buying pressure after the pop we just had off of 1383.
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