CME_MINI:ESM2018   E-mini S&P 500 Futures (Jun 2018)
TGIF. Happy NFP Friday. Squeeze was released overnight and late bulls got hurt as usual. Nice volatility overnight. Working off the 2550-2670 wave, which suggests lower price reversion into "value" zone. Shaping up to be a back and forth day where 10-15 points swings are nothing. Perfect environment for day trading. 2615 Bull Zone area is the stop zone for those longs that refuse to get out. Bounce potential there for sure. On the other end, 2661 will be difficult for the Bulls to breakthrough as Bears are lined up there in droves.
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