Following the employment number and better than expected ISM Non-Mfg number on Friday, market action was dull for the remainder of the day as the ES traded in a 3 point range for the majority of the afternoon.
This morning markets are trading down a bit amid similar weakness in Europe. Same old same old in Greece as disagreements remain among leaders there on austerity measures and on lending covenants with creditors. US Markets remain in bullish mode for now but are certainly overbought on many levels and suspect for at least a small pull back at any time. But until something changes, I like buying the dips.
Levels to watch today on the ES:
Resistance above at: 1337.50-1338.50, 1342-1343
Support below at 1330-1331, 1322.50-1323.50
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