Good morning, those ADP jobs numbers sure are disappointing the market. Futures were -0.25%..now slipping to -0.75%. This is actually a little exciting, the key level remains 1395..and then 1380.
*ADP jobs data: 119k (previous 209k) vs. expected 183k
Yesterdays last hour was pretty interesting, looking for good follow through this morning.
Bears need a lower low, preferably under 1390.
Bulls merely need to hold above 1395/1400..
A long day ahead...good wishes for Wednesday!