Friday Prep
Yesterday's continued down move left a double distribution and a market that is getting more short into a support and breakout area from July on the daily time frame.
The 2084-87 area is the initial resistance for buyers to break and until this is done more pressure can be expected on the downside. The market is also getting overly short possibly into the old support areas which makes it vulnerable to a short covering squeeze.
Overnight range is 2080.50-86.75 after the non-farm numbers which is very subdued. Zones for today are below: