S&P 500 futures expect a test after climatic run up — Daily Market Analysis

S&P 500 futures (ES)had a big jump on last Friday after a better than expected Nonfarm Payrolls numbers set in. After a test of the resistance level at 3210 mentioned in my previous video, ES retraced and closed at 3186. The character of the rally on last Friday was climactic in conjunction with a jump in the volume. This is usually to be resolved via a test to absorb the excessive supply presented on Friday.

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures…