SPX trend change revisited
|S&P 500 welcomed weak JOLTs (bullish reaction predicted for clients), and thereafter indeed reached the European session premarket lows }max corrective target for the day I had) – and end of session buying took prices to the 6,460s upper range border shared with clients ahead of the session.
So, plenty of traps, the theme was one of rotation (to a lesser degree), and more importanty, of a certain chart development on the daily as we head into jobs data Friday, with the dollar still going sideways no matter what yields do short-term.
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