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After the drop in unemployment news the rest of RTH on Friday was spent cleaning up the poor structure left behind and while we did close back in the upper range on both ES and NQ contracts it was a soft close. ES pulling back off a very obvious resistance line. Going into tonight the ES and NQ Buyers need to hold 4058.50 and 11936 respectively to keep in the upper range. Otherwise Sellers could bring us back through the lower range ultimately testing the low of the year. Personally, while short biased, I am thinking we finish the year between 4300 / 4500 ES.
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