Premarket Trade Plan – ES and NQ Short Overnight Inventory – The Pit Futures Trading

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Ultimately this thing could be setting itself up for an inside day after the FOMC large range. I am looking for the overnight inventory to correct to some extent and for ES short to be at the Europe Open or Japanese / GBX Open. For NQ I am looking for shorts to show up at the Europe Open or the Japanese Open as well. Shorts totally off the table if we break previous day high. Also be aware that most recent market generated information shows little interest in trading previous days low. If we break down lower on good volume I think we could see more sell.

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