Sep 152017

North Korea fired another missile over Japan yesterday after the UN increased sanctions against the isolated country just days ago.   In London, a train fire added to the bearishness, however as the US open approaches, the ES bulls have clawed their way back to retest yesterday’s settlement.  It’s a busy morning for economic data.  This morning’s key data includes Retail Sales  and Empire State @ 8:30am EST, Capacity Utilization and Industrial Production @ 9:15am EST, and Consumer Sentiment @ 10:00am EST.  Upside volatility has dried up as the ES remains pinned under its all-time high.  However it’s Friday and if the ES is going higher, there’s a chance today, but I suspect the bulls will remain constrained until more of Trump’s tax plan is revealed.  Size bias is short into the 8:30am EST numbers.


 Posted by at 6:34 am

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