The Jobs report came out this morning and the futures market didn't like what is saw. They moved from being in positive territory to a sharp decline in futures prices.
S&P 500 (JUN) -6.50
| Nasdaq (JUN) -9.75 | Dow (JUN) -47
NQ seems to have shown some support at the 2042 level and are now starting to use that as a base to trade a little higher off these lows.
The pivots for the Q's today are as follows. Pre-market the Q's are sitting right on the pivot number and I would love to see them test S1 sometime today. I still think we will have some support at the $49.90 level and will probably take my profits on my Jun 50 puts if we get that low.
S&P 500 (JUN) -6.50
| Nasdaq (JUN) -9.75 | Dow (JUN) -47 NQ seems to have shown some support at the 2042 level and are now starting to use that as a base to trade a little higher off these lows.
The pivots for the Q's today are as follows. Pre-market the Q's are sitting right on the pivot number and I would love to see them test S1 sometime today. I still think we will have some support at the $49.90 level and will probably take my profits on my Jun 50 puts if we get that low.
| R2 | R1 | Pivot | S1 | S2 |
| 51.20 | 50.88 | 50.29 | 49.97 | 49.38 |
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