Pre-Market Brief - the longest day

Good morning. I'm looking for at least a little wave lower this morning.We have four further pieces of econ-data due at 10am, and based on result numbers, I can't imagine they'll be good. In fact, Mr Market - (post FOMC depression?), might start to awaken again to the underlying horror out there in the real world.

So, I'm short, and looking to hold at least to 10.30/11am. I might exit there, and come back to re-short later in the day.

Weekly jobs: 387k vs 383k expected, another pretty lousy number.


Sp'15min

sp'60min

Summary

From an hourly cycle perspective, if we manage to break sp'1347 early this morning, we should have a good chance to get down to 1335. We'll almost certainly level there, and bounce back 7-10pts.

Good wishes for mid summers day (at least for those in the northern hemisphere!)