Friday Prep

Yesterday was another low volume day holding higher prices. For the most part it ranged between between the two zones of interest, shown on 1 min and profile charts below. The close at 2882.75 was also the vpoc for the day. A lot of recent sessions we’ve seen a late selling down in the vix and rally in the S&P into the close.

A quick look at the daily below and we can see the market is fast approaching the breakdown point from last October. I’d expect to see a flurry of buy stops should the market push through that area as it approaches 2900.

Overnight the range is 2880.50 - 2889.25, leaving the high weak having retouched Wednesday’s high. Zones of interest for today below ahead of the employment report: