Market Outlook 08/05/2021
A nothing day for markets. Dips seem to be getting bought however long term resistances haven’t been broken. Thursday should get some positioning for NFP data Friday before the open.
/ES is holding on to 20 Day MA while bears holding on the 4420s resistance as /ES is stuck in range for about 9 days.
The upside resistance zone for a breakout is 4420-26 an…