I hope everyone is having a successful first week of the new year.
On Friday, the Non-Farm Payroll (NFP) job report is set to release at 8:30 a.m. Eastern, followed by the U.S. ISM services index report at 10:00 a.m. Eastern.
Important note: Fed speakers are also set to speak on Friday. Blips of the fed speakers on Thursday caused great opportunity in the market.
The S&P 500 (/ES) remains in the same ranges in the new year. As /ES continues to get tighter, see if /ES can break out of these levels.
Check out the video above for a breakdown of my critical levels on /ES as it breaches structure below. I also review levels on one of my favorite tickers, the QQQ.
Stay Focused!