Major Support/Resistance Levels- ES
Prior Day Market Sentiment:Bullish
Overnight Inventory Change:Neutral
Inside Day/Outside Day:Inside
Location of price relative to market profile: Near value area high
Notable overnight futures markets changes:
Up:Crude Oil (CL), Corn (ZC), Soybeans (ZS)
Down: Natural Gas (NG), Euro (6E)
News for the day:
8:30a: Employment Situation
*Red highlight means the news is a market moving event;
yellow highlight means the news merits attention
Projected ES price action for the day: The bulls have been on parade this week as volatility has returned to the markets in 2015. The employment report during the premarket will set the tone for trading today and, if the news is positive, it could lift the offers above the consolidation range high at 2062.50. If there is a selloff on the news, the higher probability is for more choppy price action. Stay tuned.
ES Daily Trend:Neutral
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