Monday sellers came in keeping the ES from reaching 1420. Volume is developing lower - what volume there is - very low trading volume off Fridays exhaustion. 1400 continues to hold. Bias to the downside but if volume accellerates higher - be a buyer on the low volume retracements.
From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance for
6 May:
Upcoming Reports
Tuesday
ICSC-UBS Store Sales 7:45 ET
Redbook 8:55 ET
4-Week Bill Auction 1:00ET
Treasury STRIPS 3:00 ET
Wednesday
MBA Purchase Applications 7:00 ET
Productivity and Costs 8:30 ET
Pending Home Sales Index 10:00 ET
EIA Petroleum Status Report 10:30 ET
10-Year Note Auction 1:00ET
Consumer Credit 3:00 ET
Thursday
BOE Announcement 7:00 ET
ECB Announcement 7:45 ET
Jobless Claims 8:30 ET
Wholesale Trade 10:00 ET
EIA Natural Gas Report 10:30 ET
3-Month Bill Announcement 11:00ET
6-Month Bill Announcement 11:00ET
30-Year Bond Auction 1:00ET
Money Supply 4:30 ET
Friday
International Trade 8:30 ET
RBC CASH Index 9:00 ET
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