Friday, July 6, 2012

S&P Morning Update for July 6, 2012



Coming into the Jobs Report this morning, overnite session was Short. As of this writing -the market will Gap lower - if we fail to close the Gap above at 1357 - the next visual target below is the top of the 18.5 handle Gap at 1342.75. The weekly numbers noted on the Market Profile chart above refer to last weeks high/close/low.

Trading rule is "go with" all Gaps that are not filled quickly.

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