S&P 500 E-mini FuturesUpdated The Jobs bounce - SPX500
I'm expecting a bounce at 8:30 am as of now. How high is hard to tell, but the obvious test would be the 18ma (middle of BB) near 4030. That's also where a cluster of daily ma's are (not shown). If they can get over the 18ma convincingly and close the day above it, the bias may flip bullish into the end of the week (yellow path). Any rejection there would be a short opportunity (red path). Hard to say what's going to happen, so I'm mostly going to watch that 4k level - if they can get to it.
Good luck!
Good luck!
Note
spy structural support holding so far Note
IWM and DJT both outperforming today - usually a bullish sign
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.