Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the disable-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/jwl23/public_html/rd.johnlander.me/wp-includes/functions.php on line 6170
This morning”s Employment Situation report – If, Then… Market Timing

This morning”s Employment Situation report

By Rod David | June 5, 2015 - 9:19 am

This morning”s Employment Situation report was greeted from around 2096. It triggered a spike down to 2086.25, which fulfilled yesterday afternoon”s 2089.25 bias-down target. Its reaction back to 2096 was retraced to 2089.26, and the range has narrowed into the open.

Opening above 2096 is the most reliable path higher. Recovering a post-open dip would be credible, but not at all easy. Triggering the 2098.50 bias-up signal would be credible, regardless.

I”m not looking for a melt-down if the trend extends down today. The 2078.75-2081.25 is still capable of launching a rally to new highs. But that new high detour becomes unlikely if 2078.75-2081.25 fails to hold.

Here”s the pre-market Tour recording:
https://roddavid10.mitel-nhwc.com/join/shkvzjt

Posted in S&P