S&P dips ahead of job numbers: Market Pulse
S&P Futures are continuing to pull back here ahead of Friday’s job numbers. Price has cleared yesterday’s low of day in overnight trading and looks viable for a continued dip at this point into support between 2601 and 2588. My expectations here are that we will see a dip ahead of the job news followed by a rally.
Gold Futures pulled back pretty hard in yesterday’s trading session bouncing slightly into the close Price is more or less holding steady against yesterday’s close into this morning’s open. Market bears are attempting to establish full control of this move, but they are not in the clear yet… sellers will need to drive price through yesterday’s LOD to confirm this move.
Crude Oil Futures have made a slight break of the 20 day moving average in overnight trading but are holding up against support in the 56.70 area. If current support is broken to the downside then I am watching for a continued dip into secondary support betweet 55.45 and 54.79 for possible long interest… It looks like initial resistance is forming up in the 57.46 area.
ARWR is pushing up to some key resistance here in pre-market trading in the 3.50 area. If price clears current resistance to the upside, then I see room to run back up into the 4.00 territory. Will look to confirm this movement just after the open.