Friday Mid Day S&P500 Note
|5 min ES|
Abysmal volume today as we make new 2012 highs over 1339.75 .. looking for 1345 if 1340 trades with conviction and volume. 1335 support immediate .. 1330 perhaps keep in mind for sunday open. We have a few bond auctions next week which cause a few upside roadblocks…
Gold is indeed weak per my thoughts from yesterday.
Oil is rather muted but it did melt up into the 97 level with 97.50 being resistance. If 97.50 trades with conviction 98 could easily be in the cards.
Dollar saw a pop on the jobs number though has relented a bit… equities still not bothered by currency movements.