Pre-Market Brief

Good morning. Futures are moderately higher, sp +7pts, we're set to open at 1662. Precious metals are jumping higher, Gold +18, with Oil 1%. Bulls should be aiming for a break >1669..which will open up the gap zone of 1680/85.


sp'60min

Summary

Jobs data: 169k, with a slight tick lower in the headline rate to 7.3%
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Broadly speaking, market has taken out another key level..and looks set to test the 1669 zone.

Lots to consider, I will strongly consider shorting the market around 1668/70..if we are there around 10/11am.

Update from Mr Permabull



Stay tuned!

9.28am...well, i'm VERY inclined to launch a reshort on 1668/70 in the next hour.

Lets see how the opening hour trades!


Black candle on the sp' hourly charts....hmm.

Opening FAIL..for the bulls, can't hold the 1660s.
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