Thursday Prep
Yesterday saw most of the movement happen pre-market with a turnaround rally and had a slow balanced RTH session holding above the overnight high predominantly. There was a failed late attempt to take out the prior day's high.
Overnight the range is currently 2147.50-2155.75 with no news of tapering from the ECB, a spike above $50 on crude and multi-decade lows in jobless claims rallying the dollar and seeing further pressure on bonds.
Not much change to the zone areas today. The market is likely to remain choppy within the current week's value area at 2149.00-56.25. Any sustained breaks either way are less likely ahead of tomorrow's employment report with 2152.50 the composite high volume node of the current balance area where the market may gravitate towards in absence of market moving news.