Jobs Update

A surge in shares of heavyweight Apple helped push up major U.S. indexes on Friday, as investors also assessed a mixed U.S. labor market report. U.S. job growth accelerated in October after hurricane-related disruptions, the Labor Department said, but wages grew at their slowest annual pace in more than 1-1/2 years in a sign that inflation probably will continue to undershoot the Federal Reserve 2% target.

/ES Recap: Market opened above LVN 2576 with volume falling, so when price broke 2576, sellers leaned on 2576-2577 towards YPOC 2572. Then moved sideways around 2575 with volume increasing. After european closing, buyers added fuel towards PBT 2583 and ATH 2585.50 Finally closed leaving ETH-RTH bullish imbalances towards 2593 and 2594.

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

Questions? Just ask via email or twitter direct message.