Still no change in the bond numbers, but the ES is drifting higher despite my warnings of a sell off.
We are most likely range bound before the Unemployment Number tomorrow - the number is bound to reflect higher unemployment numbers than expected which should have a bearish effect. But follow the volume - if there are no more buyers at resistance sell it and collect back at the pivot.
ES ZB
r4 1307.50 116.21
r3 1301.50 116.17
r2 1295.50 116.11
r1 1291.50 116.05
PP 1284.50 115.27
s1 1275.50 115.16
s2 1270.50 115.10
s3 1263.75 115.00
s4 1256.25 114.26
today's reports:
MBA Apps 7:00 ET
Factory Orders 8:15 ET
Tomorrow's Reports:
Unemployment Situation 8:30ET
ISM non-mfg survey 10:00 ET
Best
Josh Kelne
800-845-9685
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