Market Continues Move Up in After Hours Session

The World Markets gained overnight as did the US Futures markets. The ES is trading above the 1085 resistance which could become support this morning. Markets did retrace back a little bit (down to 1076.50), but have rebounded to make new highs. I'm still looking for 1075, but now it looks like we may have to wait a couple days for that to happen as it is very unlikely we see much selling today (though the morning action will have to confirm this by holding support at 1080). There is plenty of resistance overhead and there is no clear level before 1098, so the markets could easily continue moving up. We are getting ready to open the equities markets with a gap up. Lets see if it is a gap and push higher or if we are going to fill that gap. Gap fill on ES would be 1079 to 1080.50, so that is another level to watch this morning. Tricky area to play, but I'll be expecting a choppy market with a long side bias.