Jobless Claims and Employment Numbers
Market Outlook – Ten out of the last eleven months have traders stuck in a broad range where we currently sit near the base. Decisions are being made and Fed Chief Powell was committed to his path while noncommittal to his pace. This leaves us range bound near critical monthly supports in the chart.
We are on the edge of a contract roll as well – I have posted the ESM3 contract so you might see the battle here to hold the close of the prior month on the ESM3
The ESH3 line in the sand today remains 3971 for buyers to show strength but below 3997 means the sellers are still in control
My suspicion remains that we will see significant currency movement to jolt us
You can find me at @AnneMarieTrades Twitter and Stocktwits and on the Pro Benzinga platform, Investors.com option plays, and Money.Net Scout for intraday trades and trading notes