Hello Everyone,

SPX moved down to test the lower end of it's range today ahead of the Monthly payroll report tomorrow.  Keep an eye on the wage inflation component in the report which is expected to be 0.4% in addition to the number of jobs reported (expectation is 200,000). Market is at a short term inflection point going into the report.   Today I posted SPX resistance at 3830 and 3838 and today's high was capped at 3830 so onus is on the bulls. 

ES levels 3820-3800 (remaining above keeps upside potential intact) but must rally from here.  A break lower on ES may target 3760-50 order flow levels.  

Note: Several previous ideas on watchlist remain valid but simply have not yet triggered so continue to re-examine each night. Consider making a fresh top 4-6 setups each night and put on front page along with existing trades.  My advice is to keep your total ideas to a manageable number (very few in volatile market).  Lastly, it's best to wait at times for valid setups to form - sometimes less is more.  Big moves tend to occur first and last hour and overnight sessions.

Here's a link to Tonight's Newsletter.

Please take a moment to look at the trade ideas.

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