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Here below is the analysis of the probability of reversal for SPX, NDX and RUT DAILY, photographed yesterday at the close:
Obviously, the RUT and the SPX/NDX are not following the same buy/sell cycles, at the moment.
(more…)The monthly jobs report hit today (unusually, on a Thursday, due to the real and perfectly sensible holiday tomorrow blocking the typical Friday release) and the reaction was immediate. All the equity futures remain strong, but paradoxically, it can sometimes be a spike to the upside that breaks the back of a long climb. We’ll see if that holds true, but for the moment, the /RTY had a sudden, violent jump upward and is now hanging out at a positive .4%.
There were at least three versions of video for this song, but here’s my favorite.
