The S&P 500 has been trading sideways since hitting new highs at the end of February, spending March in a consolidation. However, even though the market was closed for Good Friday observances, the jobs number was released - and it was not good.
The market expected 245k jobs and got about half that - 126k. I feel this will lead to selling on Monday. Will it be enough to bounce the #SPY out of its trading range? We shall see. Watch the 200 day moving average.
The market expected 245k jobs and got about half that - 126k. I feel this will lead to selling on Monday. Will it be enough to bounce the #SPY out of its trading range? We shall see. Watch the 200 day moving average.