My key area for tomorrow will be 6088-6092. Buyers need to reclaim this range in order to remain in control. Sellers will need to defend this range to shift value lower and break structure to the downside. We have non-farm payrolls tomorrow premarket, and I will provide an update after the release.
Tomorrow’s opening price and initial balance will be very important for me. This will give me an idea of whether the market is potentially rolling over or if we open strong, trapping the late sellers into today’s close and repairing the poor high at 6096.50.