The higher value area established yesterday around 921.75 was rejected early after a failure at key R1/Fib resistance of 926.25 to 927.75 from this morning’s report (high of 926.25), but the lower value area centered around the 913.00 point of control has held.  Expect low volatility perhaps until the 7:30 and 8:15 employment-related reports tomorrow that people will be looking to ahead of Thursday’s big employment report.  Predicted maximum high and low are 921.75 and 909.50, respectively.  Support/resistance is marked below.

Incidentally, we’re opening up just shy of July’s monthly pivot of 917.50 after failing to close all week (on a 60 min chart) above June’s R1 of 924.25.