Flip A coin

Daily Chart SPX stuck between 3120-3102 ,No one in hurry or a desire to push prices outside of this range with payroll data tomorrow. 185k is tomorrow guesstimate,ADP came in a disappointing 67k as did ISM employment Component 46.6 vs Estimate of 48.2,positive side though the non manufacturing ISM employment metric came in Higher then last month at a solid 55.5.No help from ISM employment metrics to aid in tomorrows Numbers again flip a coin. Today’s Jobless claims,no Impact on Tomorrows number came in at a better then expected 203k,haven’t had sub 200k reading since late 1960’s.

Mind the gaps,SPX likely range bound unless we get a trump tweet or China comment,Likely a go with trade on either bullish or bearish breakout of range.

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