ES 1140

If the overnight market in the ES can break out through 1140, we're likely to see a little bit of panic buying before the nonfarm payrolls report.  I want to get bullish on the euro but the price action is not that great for going long.  Crude oil has a technical break out that looks legit, and will likely march higher over the next few months.  Also, oil sentiment is not overly bullish from what I am seeing. 

From the lack of energy so far in the overnight session and the bumped up consensus for NFP, I see it as likely that we'll sell off on the news.  We could get a very brief spike lasting 1 or 2 minutes, but that shouldn't last.  More likely, we'll just selloff right after the news.  By 8:45 AM, we should be lower than at 8:29 AM.  Just a hunch.