Friday, August 6, 2010

8/6 pre-open

Jobs report day.  Consensus -60,000 with +100,000 private sector.  The diagonal would look best with another up-move in the cash market. 
SPX 1136 would bring it to the upper trendline.  A throwever would bring it up to 1145 or so.  I'll put in  orders buying SDS at 30.35 and 29.50. 
Futures show 1130 at upper trendline and 1140 is a reasonable throw-over:

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