The ADP Employment number disappointed the futures market. The market is currently testing yesterday's low at 1164.25, and is well below yesterday's Point of Control at 1169.50. If the market opens below 1164.25, the probability is low that it will close the gap.
Friday's Employment Situation Report will be released when the stock market is closed for a 3-day weekend. It will be interesting to see how traders finish the week and quarter tomorrow afternoon.
Charles
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