The ES made new highs in overnight trading moving as high as 1277. This morning's jobless claims number was slightly worse than expectations and the market reacted by slowly selling off back down to yesterday's late afternoon consolidation range. I expect today to be more or less choppy ahead of tomorrow's employment situation. After yesterday's ADP jobs report, expectations will be high.
Key levels on the ES today:
Support below at: 1269-1270, 1264-1265 and 1259-1260
Resistance above at: 1275 and 1280-1281
If the ES were to trade down to 1265, I would be a confident buyer at that price...
Thursday, January 6, 2011
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