7.15 Pre Market Levels and Analysis

In the OVN session, we saw an extension series hold at 6301 and trade to its upper target 1 (UT) of 6334, just shy of UT2 at 6346. Which we are now 3 pts shy of completing.

I suspected some accumulation during globex open on Sunday, and now as we broke and held above 6322 as previously stated in yesterdays premarket plan, confirms my thesis.

So I will follow this technical series, I am watching to see if 6322 will continue to hold as support. If this move loses steam, without longs stepping in to accept higher prices, I will look for lower retracements to 6313 and 6306.

A break below 6306 will make me proceed with caution when going long, and a break and hold below 6296 will make me reconsider my bias.