Unemployment numbers, Draghi talks more Quantitative Easing and the markets react. Here is your Traderfy Trend Premarket Overview for September 4, 2014.
E-mini S&P Futures – $ES_F
The $ES_F begins the day in a down trend after gasping for breath yesterday. Remember the Chinese market open on Monday and we just received less than impressive job numbers that clearly missed expectations. Be sure to watch the video for important levels as I am considering the $ES_F in a down trend.
Bond Futures – $ZB_F
This morning we find the $ZB_F in a up trend, moving contra to the $ES_F as is our preferred situation.
Crude Oil Futures – $CL_F
A look at crude oil futures shows us in an up trend by the smallest of technical measures. Twice so far today it has tested the 200 SMA and could easy begin a new trend direction. Consider this to be a day where crude can easily change directions.