Both the ISM and construction spending reports are due to hit the markets at 10AM this morning. The futures are telling us they are expecting some negative numbers today since the futures are currently trading down.
S&P 500 (JUN) -6.25 | Nasdaq (JUN) -6.25 | Dow (JUN) -55
Any positive news from these two reports could drive this market higher. I currently hold puts on the Q's and I'm already in positive territory. I will be keeping an eye on the markets when these reports are released to see if I need to take action on my open positions.
The Q pivots for today are as follows:
I suspect we will open up and test S1 on the open today and I expect we may also visit S2 sometime today if the reports at 10AM are as expected or worse than expected.
S&P 500 (JUN) -6.25 | Nasdaq (JUN) -6.25 | Dow (JUN) -55
Any positive news from these two reports could drive this market higher. I currently hold puts on the Q's and I'm already in positive territory. I will be keeping an eye on the markets when these reports are released to see if I need to take action on my open positions.
The Q pivots for today are as follows:
| R2 | R1 | Pivot | S1 | S2 |
| 50.49 | 50.25 | 50.00 | 49.76 | 49.51 |
I suspect we will open up and test S1 on the open today and I expect we may also visit S2 sometime today if the reports at 10AM are as expected or worse than expected.
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