There’s no jobs data today – legitimate or otherwise. So, investors and Fed watchers are left to reflct on the trend that was already arguing against the US economy being the “envy of the world.”
Futures are flat ahead of the open.
ES and SPX continue to bump up against channel resistance.



Note that the NKD is very close to our 47,000 – 48,000 target.


Even though CL and RB are off yet again…
stay tuned...






