The overnight market is staying close to yesterday's futures close of 1102.25, and above the lower end of Wednesday's high volume area. The overnight range so far is between 1107.75 and 1100.75.
We have three economic reports coming out between 0945 and 1000 ET. These may oscillate the market.
Right now we are 12 points or handles above yesterday's average price of 1092, and about 14 handles above the upper end of yesterday's high volume area. Currently, we are a lot closer to short-term resistance levels than support levels. The market will need a reason to trade through resistance.
Charles
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