The exclusive Markets Morning Report is supplied by The Precision Report.
The Precise Take – Closing April
Big Picture Analysis – Continuing our comments from Friday, it indeed looks like the ES is consolidating after reaching the upper end of its trend channel on the 135 minute. It’s a news heavy week, with Chicago PMI at 9:42 am EST and the Dallas Fed Survey at 10:00 am today, then ISM tomorrow. Focus shifts mid-week to employment, culminating in Friday’s Unemployment Situation. Headline risk out of Europe has been muted recently. If that continues and the US reports don’t disappoint too much, we should see higher highs in the indexes.
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