SPX owes lots of test...
Trade closed: target reached:
The first target Reached. Next week should be retest previous low.
But not sure about Monday.
Hate to talk about the news, But Rate cut is only possible if the market is not doing well if we go higher fed won't be obligated to do rate cut, But we went up on bad employment news, and interpretation was according to market.
Yet it proved again that news follows the market, not the other way. And after the close Mr. T tweeted that we figured out the deal with Mexico. I think all of the Mexico news/tweets are just total fabrication.
My guess is that this news will be interpreted as bullish and we gap up and form a doji or a start candle and come down to test 2815 area.
But not sure about Monday.
Hate to talk about the news, But Rate cut is only possible if the market is not doing well if we go higher fed won't be obligated to do rate cut, But we went up on bad employment news, and interpretation was according to market.
Yet it proved again that news follows the market, not the other way. And after the close Mr. T tweeted that we figured out the deal with Mexico. I think all of the Mexico news/tweets are just total fabrication.
My guess is that this news will be interpreted as bullish and we gap up and form a doji or a start candle and come down to test 2815 area.