Markets DO Move Down. How to Play Tomorrow's Open?

If you did make the move to Short the market ahead of the last 30 minutes of trading then nice work. Now the question is how to play tomorrow's open. I covered half of my Short  Position at $110.38 (.4c above a key support level) and will be awake in pre-market tomorrow to catch the Jobs Report. Employment data will be released at 8:30am EST and is key to determining how the markets open. I suspect the jobs numbers will be negative as expected. If so, expect SPY to decline at least to $109.25 in early morning trading. If the jobs numbers beat expectations, you should probably cover your short positions immediately.

SPY 15 Minute Chart Showing End of Day Decline in Synch with the "Three Day Up Followed by a Decline" Pattern.

Note How I predicted the move down to $110.34 on Monday's Post (It just happened a day later).