Hello Everyone,
After 4 consecutive rally days, SPX/IWM closed slightly lower while QQQ managed to close with a small gain (spinning top candle). Ahead of the Holiday weekend, we have the monthly payroll report tomorrow along with ISM Manufacturing Index. The VIX closed below it's lower BB again today (rare). With this backdrop, make sure to trail up stops and remain prudent on new entries (refrain from chasing extended names).
ES initial support below 4515/4508 and 4490/93 with resistance at 4527/32 and 4550.
Please take a moment to look at the trade ideas.
