Hello Everyone,
Yesterday into the close the SPX/ES wedge up into supply zone - thus was looking for a pullback which unfolded nicely down to the key support pivot on ES 4250s and then mounted a rally back up to the breakdown area around 4300 ES. Something for both the bears and bulls intraday as price ended up where it started with SPX showing a double inside day(coiling). With QQQ, I'm still tracking the triangle (energy is building) going into the NFP tomorrow.
Estimates are for +170k Jobs and unemployment rate at 3.7% - coiled for a big move.
ES support below 4279 and 4257 with resistance at 4308/13 and 4322
Please take a moment to look at the trade ideas.
