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S&P 500 - On The Open
Pre-opening Commentary

Jult 2, 2004

The overnight session pushed lower to 1122.75, testing the low of yesterday on the early Employment Reports release this morning. Price quickly bounced to the 1127 area which is a potential retracement level target for a move back down. Price can move in either direction though the trend is lower. We will wait for the early price action before trading this morning.

Good Trading

Charles Holt,
S&P 500 Trader


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