Tuesday Prep
The first day of the month opened at 2518.50, just above the prior day's high. The session continued to migrate value higher and we saw a big beat on the ISM manufacturing number and the best in 13 years.
The pullback from the top of the IR zone was relatively short lived and the bulk of the afternoon session was spent back at that area, before breaking above just before the close and leaving another poor profile high.
Overnight so far the range is 2525.50-29.50 versus settlement at 26.25. No major econ data due today.
All time frames remain bullish for now and I'd be looking for signs of buyers responding on any moves to the green zones. Caution needed if the market has been balancing just ahead of a zone and/or market internals are particularly weak.
Adjusted zones for today below: