For Thursday:
Higher Volume on the way up in the morning on Wednesday, followed by a sel of with volume favoring lower prices.
I really can't see how the unemployment reports over the next two days are going to fuel buying in the eMini S&P. It is more likely that these numbers will remind market participants of the state of the economy. It appears the Fed Chairman had the same effect on Wednesday.
Favoring the short side - but stick with the volume. ower prices on high volume - then sell the low volume rallies. If the rally comes with the volume, get out of the way.
best
Josh
From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance Numbers for 3 April:
Upcoming Reports:
Thursday
Jobless Claims 8:30 ET
EIA Natural Gas Report 10:30 ET
Friday
Employment Situation 8:30 ET
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