Forgot to add....

Yes I forgot to add that yesterdays price action in the ES (and indeed most of the index futures) is bullish. This is the same pattern at Monday and the theory is exactly the same as stated in Monday's post. However the caveat remains that we have external events (namely Greece) that is casting a dark shadow over normal technical patterns (there is a saying that technicals rule in the absence of significant fundamental news). From a gap guide probability, so long as we don't open below yesterday's low in the ES, the win rates are neutral (coin flip setup) but profit expectancy is pretty good. Ok but not really great to be fading in my opinion. I'd rather wait and see what happens today.