ES review & plan
Overnight trade has been lower on globex, dragged down by a weak Eurozone PMI manufacturing index, a downgrade by Moodys on Japan's debt and talk of disappointing retail sales on Black Friday. The overnight high has failed to enter the value area from last week and the low has targeted the open gap area from regular trading hours.
The market currently would be gapping lower on open. The 2064-67 area is now resistance if there is an attempt at closing the gap above. The overnight range extremes are important references going into today.
PMI & ISM manufacturing are this morning at 08:45 & 09:00 respectively.Thursday has the ECB & BOE in the spotlight and the US employment report on Friday. Full US calendar here.