Update 09/01

Context: Stocks market started the new month with slight gains in light trading ahead of the extended Labor Day weekend, as traders saw the disappointing August Jobs Report as reducing the likelihood that the Fed would further raise interest rates this year.

/ES Recap: After testing yesterdays value, market closed the week balanced. Market moved above YVAH 2471 and remained above on subsequent tests, so buyers leaned on steps 2473.25 2474.25 towards ONH 2477 and edge 2480. Value continues moving higher. Market will be closed on Monday.

Disclaimer: All information on this update is for educational purposes only and is not intended to provide financial advice.