DOW and SP500 has taken new daily closing lows for five days. The other indexes have closed down four times in a row. The important 8 MA is falling above the trading area and will continue at least four more days. The rising 21 MA can hold the closes above the curve but also closes below that MA happens. The strongest index, SP500 closing chart says it all. A falling 8 MA that Friday will be just above 797 stopping any rally to get back into the 800 area unless there will be an enormous rally Friday. The 34 MA is rising under the trading area and will most likely stop any drop. In the middle is the rising 21 MA which still is up. The trading has been going up or down that MA to finally close below. The employment numbers is what every trader is waiting for at 14:30. It can be very powerful on up or downside in current chart situation.
The bonds are still falling and the yields and rates are up.
Do not miss to watch the markets live if you can at 14:30
The bonds are still falling and the yields and rates are up.
Do not miss to watch the markets live if you can at 14:30
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