We had 3-digit gain for Dow and above 40 points for Nasdaq yesterday, will there be some profit takings kick in today? No idea. We have oil inventory report at 1030 ET, this should provide some momentum to the market.
Looking at volume and price action of E-mini S&P at the first 30 minutes, I am looking forward a volatile and hopefully, trending day. E-mini S&P had a small gap down and the gap was filled within the first half hour. Mini-sized Dow and E-mini Nasdaq both opened low and go high. It is pretty positive.
At this point of time, I am looking at Long opportunities.