Stocks Treading Water with Slight Biased to Upside
U.S. equity markets are trading sideways to higher at the mid-session in a lackluster trade. Upside momentum has slowed compared to yesterday, but there doesn’t seem to be a strong conviction to the upside either. Technically, the September E-mini S&P 500 has a chance to test a key Fibonacci retracement level at 1088.00. December Treasury Bonds are trading lower. Today’s weakness is a combination of lack of conviction ahead of Friday’s job report and a tired market. Technically, the
