4th of July is a national holiday in the US…Independence Day, without the aliens. No trading :(
Big picture
Europe was happily retesting the 2743ish resistance until the US woke up and forced us to parachute out of the burning plane. We ended the day at Monday's closing VWAP value. Right below, we have Monday’s POC & VAL just above the round 2700 and of course last week’s low of 2694ish. 2743 is still unbroken and today’s high was actually a bit lower than the previous ones retesting that level.
Daily plan
Look for long entries around Monday’s POC & VAL (2700-2706 zone) or last week’s low should we get there. Short entries around Monday’s VAH (2719), at that damn magnetic 2018 YTD POC which is also around Tuesday’s VAL (2725), Tuesday’s POC (2735) and the whole 2738-2743 zone up to Friday’s VAH.
Watch price action at those levels and enjoy the 2700 to 2740 fun train while it lasts ;)