INDEX:SPX   S&P 500 Index
165 3 1
Bull porn. We are, so far, holding this area. Just as we held the previous area all the while people said the more often we probe it, the better chance we lose it. The same thing could be happening now. There's a case for either. Right now, bears and bulls are unhappy. Just an observation. Trying to be open minded.

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KLang
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KLang PRO about SPX 1 2 years ago
KLang
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KLang PRO about SPX 1 2 years ago
jmoney023
2 years ago
I agree with you observation, but what about the bad jobs news?
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KLang PRO jmoney023
2 years ago
Can play either way. Used to be we rallied on bad jobs because the market was hopeful of new QE efforts. Right now, some are probably thinking, "well, rates will stay low," other folks are thinking maybe another round of QE, other folks thinking it could be "weather related" and just a "blip" on the bigger picture...if that is true, then some would think, maybe rates will raise afterall...see where I'm going? It's like a cat chasing it's tail. Better to let price show the way than try to figure out how data is interpreted. Futures are thin, it's a holiday - take overnight action with a grain of salt.
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jmoney023 KLang
2 years ago
Very true - It seems as though PMs are interpreting the data positively as in QE to infinity. However, I just can not envision a green day after a jobs number that bad. I hope we are not that late in the game.
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