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Saturday morning thoughts for 5.9, looking for opportunities amid oscillation
Yesterday's market, there was no earth-shattering wave, but rather calm as water. I initially thought the non-farm payrolls would add some color to the market, but it ended quickly with a small spike, which was quite disappointing.
Overnight still remained within the range, with short-term resistance at 805 and short-term support at 791. So today, being the weekend, the probability of a one-sided move is low; just trade short-term.
Do not break the 805-791 range during the day; trade around this range with high sell and low buy.