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AM TURN — Morning Note Session: May 8, 2026 KEY LEVEL (from yesterday's tape) 7355 OVERNIGHT CONTEXT (from yesterday's tape) After the close, the price is trying to retrace yesterday's range. Currently trading at 7404 handle. Knock, knock, knocking on heaven's door. SERIES / DAY TYPE S4H — expansion potential if 7355 accepts; rotation if rejected.

TODAY’S GAME PLAN:from the trading desk, this is not research TODAY’S ECONOMIC DATA:  8:30ET Unemployment Report, Hourly Earnings,Canada Unemployment Rate; 10:00ET U. of Mich.

This post goes out as an email to our subscribers every day and is posted for free here around 2 PM ET. To get your real-time copy, sign up for the free or premium version here: Opening Print Subscribe. Follow @MrTopStep on Twitter and please share if you find our work valuable! Amid the renewed chaos of naval skirmishes in the Gulf, surging gold and oil prices, and a rebounding dollar, the April jobs report has curiously slipped under the radar.

X2M Connect (ASX: X2M) has signed a significant non-binding MoU with Mawson for its Integrated Smart Community Offering (ISCO). Click here to read more! Across Markets… Australian shares fell the most in seven weeks in a near $50 billion wipeout as renewed conflict between the US and Iran sent oil prices higher and rattled hopes for a peace deal. The S&P/ASX 200 Index fell 133.70 points, or 1.5 per cent, to 8744.40, with 10 of the 11 sectors weaker.

Happy Friday! Have a nice and relaxing weekend Market Highlights ASX 200 futures are pointing down 152 points or 1.7 per cent to 8746.

AM TURN — Morning Note Session: May 7, 2026 KEY LEVEL (from yesterday's tape) 7387 OVERNIGHT CONTEXT (from yesterday's tape) Over skies with tail wagging the dog at 7402 handle. SERIES / DAY TYPE S3L — expansion potential if 7387 accepts; rotation if rejected.

TODAY’S GAME PLAN:from the trading desk, this is not research TODAY’S ECONOMIC DATA: 8:30ET Nonfarm Productivity, Unit Labor Costs, Jobless Claims; 10:00ET Fed’s Hammack speaks, Construction Spending; 11:00ET NY Fed 1-Yr Inflation Expectations, Trump meets Brazil’s President Lula da Silva; 12:30ET Fed’s Daly speaks; 1:00ET Fed’s Kashkari speaks; 2:05ET Fed’s Hammack speaks; 3:00ET Consumer Credit, Mexico Rate Decision; 3:30 Fed’s Williams speaks Highlights and News: US waits for Iran’s peace...

This post goes out as an email to our subscribers every day and is posted for free here around 2 PM ET. To get your real-time copy, sign up for the free or premium version here: Opening Print Subscribe. Follow @MrTopStep on Twitter and please share if you find our work valuable! I want to talk about the volume in the S&P futures and why it has fallen off a cliff. It picked up a little yesterday, but I think the bottom line is “Joe Public” isn’t day trading the S&P futures.