Top green resistance line is from the market peak at the beginning of this year, through the recent spikes, to where we are now.
Jobs report tomorrow. Estimate is 3 million jobs added back. ADP was below analysts estimates today by a couple hundred thousand.
Is the market does not make any major move up, it will only get harder to remain afloat when earnings reports start coming in and we see the full impact of the previous lockdown on earnings.
4HR RSI has crossed and based on previous tests, this shows a coming downward movement possibly to the bottom support line of the wedge.
Jobs report tomorrow. Estimate is 3 million jobs added back. ADP was below analysts estimates today by a couple hundred thousand.
Is the market does not make any major move up, it will only get harder to remain afloat when earnings reports start coming in and we see the full impact of the previous lockdown on earnings.
4HR RSI has crossed and based on previous tests, this shows a coming downward movement possibly to the bottom support line of the wedge.