The ES and NQ have been stuck in tighter ranges awaiting additional information as to several “fronts” on interest rates, debt ceiling discussions, the banking sector, etc, etc. I discuss each market and have yet to label the ES and the final leg up in the NQ. I discuss each market as to where it stands in the larger picture. I also update the Fibonacci extensions for both markets.
Tomorrow, pre-market the Empire state manufacturing survey is released at 8:30 AM that may cause a stronger move than what may be expected. Also, two FED governors will be speaking both before the markets open.