Wednesday, October 4, 2017

As posted yesterday , a close above 1275 was going to have follow through to the upside, now we face 1279/1280 as next resistance level and we will see whether or not the 1280 level is broken on the ADP data release. As far as I´m concerned I don´t really see an intraday reversal just yet, however I got out of my short postion and I will be monitoring the 4H closes today.

 Disclosure: I´m not in a position at the moment. Buy order has been setup @1262 SL @1248. Short position will be opened only if there is a bearish reaction on data release provided that 1280 had not been broken to the upside before the news. If I happened to go short below 1280 then SL order will be set @1283.

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