FX:SPX500 S&P 500 index of US listed shares
The employment numbers took the SPY (markets closed but future's trading) to a fib level. Wow this is getting juicy, a 3 day weekend, after adjusted numbers down too? MMMM. Note the trend angle of descent. So does 204.0 hold again? The market inflators better get out their pumps and start blowing or Monday could be a rude awakening.
Good charts. I am more impressed with the strength of the eurusd. Tied to oil. Was thinking oil would go lower from here, most do, but what if the eurusd powers up, does not get to parity with dollar, and oil bounces too? That would bring the SPY down fir sure. All of that does not have to happen, however, a very weak earnings season could do it no matter what, which is what I think will happen, and doesn't matter what currencies do, or world banks. Maybe, just maybe, economic fundamentals will outweight their manipulation, and oh boy, watch out. What no FED controls working, talk about a shock to the market. ouch.