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Tune into the CNBC Halftime Report at 11:00 am CT, Bill Baruch will call into the show in the first block for an update on his TSLA position.
Nonfarm Payrolls for June came in at 206k, beating the 191k expected, but May was revised from 272k to 218k (another egregious revision). Private job growth cratered at 136k vs 160k, with May going to 193k from 229k; this matches an eight-month low. The Unemployment Rate rose to 4.1%, the highest since November 2021. Wage Growth was in line with expectations.
E-mini S&P (September) / E-mini NQ (September)
S&P, yesterday’s close: Settled at 5590.25, up 21.50
NQ, yesterday’s close: Settled at 20,411.50, up 156.25
- Bias: Neutral/Bullish
- Resistance: 5588-5590.25**, 5608.25**, 5620.50-5620.75***, 5640.50**, 5673.25***
- Pivot: 5583
- Support: 5576.75-5580**, 5569.75**, 5563.75***, 5551.50-5554***, 5544.25-5547.25**, 5530.25-5535.50***, 5121.50-5123.75**, 5515**, 5498.75-5505***
NQ (September)
Resistance: 20,500-20,523***, 20,618**, 20,694***, 21,000-21,016****
Support: 20,371-20,412**, 20,216-20,274***, 20,156**, 20,052-20,098***, 19,976***, 19,901-19,927**, 19,841-19,856**, 19,792-19,812***, 19,732-19,757****
Crude Oil (August)
Yesterday’s close: Settled at 83.88, up 1.07
- Bias: Bullish/Neutral
- Resistance: 84.24-84.38***, 85.27***, 86.91**, 87.63**, 88.30**, 90.00-90.17***
- Pivot: 83.71-83.88
- Support: 83.02-83.38**, 82.24-82.46***, 81.71-81.85***, 80.97-81.21***, 80.11-80.36***
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