Overnight, ES balanced in the upper part of yesterday's range, with Buyers remaining in Control. Heading into the day session, we'll be using 1317 as the Micro Bull/Bear Line in Sand to esablish short-term directional bias. We have Initial Support at 1314.50-1316.50, followed by 1308-1310 (NVPOC 1308, Open Gap 1308.25). On the upside, we have Pre-Market Resistance at 1322.50-1324.50 (previous VPOC 1322.50), followed by Initial Resistance at 1327.50-1329.50. The expectation is for Responsive Buyers to be active at Support, and Responsive Sellers to be active at Resistance, with an upward bias above 1317. Bigger picture, Buyers remain in Control and 1308-1310 is Key Support. The expectation is for a relatively Balanced session ahead of tomorrow's NFP/Employment report.
5-min Chart with EMiniPlayer.net Support/Resistance Zones
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