Quick Note: Inside day today on the SPX with the 20 day MA still providing resistance (also for QQQ). Tomorrow we have the monthly non-farm payroll report. Likely some fireworks following the report following today's consolidation day. For tomorrow, the key pivot that I will be watching is ES 3720 as key support. As long as 3720 support remains intact the bulls can take another stab upward while a breach and hold opens the door for lower prices. The VIX/UVXY is also coiled and will discuss further tonight. Keep an eye on TLT/Dollar reaction to the report as well.
Please take a moment to look at the trade ideas.