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Cautious Ahead Of NFP

Published 01/10/2014, 04:20 AM
Updated 07/09/2023, 06:31 AM

An hour before tomorrow's open is the Employment report, which may give us the needed jolt to move this market SOMEWHERE, as we've done nothing but go sideways all year so far.

The SPY may have had a trigger entry, but being that both the daily and hourly have a fast line less than the slow line it's a bit more risky. The previous long trigger amounted to nothing (a scratch).
S&P 500
Similar situation with IWM. The fast line (hourly) has turned positive, but is still under the slow line and lacking momentum
IWM
QQQ had a better performing week (technically speaking) and it seems the reverse divergence on the daily has already played itself out. Would be waiting on the hourly to turn positive and/or see a fast line/slow line crossover.
QQQ
DIA - within a channel/flag and looks like it could go either way.
DIA

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