The regal horizontal lines present some of the cost levels I'm focused on this morn inwards the S&P 500 e-mini (ES) futures. We broke inwards a higher house the 1095 resistance expanse overnight on skilful book together with momentum, supported yesteryear a weaker U.S. of A. dollar together with stronger commodity prices. After some consolidation, which held the expanse only below 1100, nosotros broke higher nevertheless together with accept then far held inwards a higher house that consolidation high approximately 1102. As long every bit nosotros expire on to run into dollar weakness together with trace of piece of occupation solid commodities together with ES prices belongings inwards a higher house that 1100 area, the bulls should command the session together with accept us making a stab at the highs from early on concluding week.
Failure to concur inwards a higher house that 1100 consolidation depression would signal a reversal together with hold us inwards the trading hit defined yesteryear concluding week's highs together with lows. Volume at the marketplace offering has then far exceeded that at the bid, supporting the bulls.
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