E-Mini S&P 500 Futures
The other indexes (YM, NQ, and TF) are showing signs of weakness, which at the very least, calls for some caution on the Long side. Holding the 1123 area on any push down is fairly important for the Bulls. I'm anticipating a bounce in the 1123-1125 area on first touch, due to nervous Bears covering their positions and over-confident Bulls adding to their Long positions. A break of that 1123 support could take us to the 1118-1120 area in a hurry. Bias is bullish above 1127; neutral to bullish above 1123 and bearish below 1122.
ADP Employment Report at 7:15 AM (cst), ISM Non-Mfg Index at 9:00 AM (cst), EIA Petroleum Status Report at 9:30 AM (cst), and FOMC Minutes at 1:00 PM (cst).
ES - Daily Bar Chart with Volume Profile and Key Levels