Trading plan for July 8, 2016

160707-ES-daily

ESU6 July 7, 2016. Daily chart.

ES paused under its psychological resistance line 2100 by moving sideways. It is waiting for today’s major employment report, which will be released before the US market opens.

The employment report will be a big influence for today’s trading. ES attempts to move higher, but the unfavorable season and uncertainty from Europe bring caution to investors.

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