Jobs growth in August way off market’s expectation.
Last Friday, the U.S. Bureau of Labor Statistics reported 235,000 jobs being created in August, way below the market’s expectation of 720,000. The leisure and hospitality sector, the main driver behind the strong jobs growth for the past several months, added zero jobs amid the rise in COVID cases. With the...
507 days since ES mini crossed over the death cross.
My idea is that the fed QE and stimulus bill passed March 27 elevated the market out of its previous channel formed in the 2008 financial crisis into a much steeper "By The Dip Channel".
The market will need to eventually cross over the 50/200 day death cross. Last encountered March 27 (507d)
Big MOC ES...
