SPY about to give fresh buy sig with a 13/34 EMA bullish cross. Surprised that it didn't happen today. Those EMA's should have a bullish cross tomorrow morning unless the employment #'s are really bad. I think the numbers won't matter unless they're really bad.
Next and very important, and per my method, the 200EMA must turn up to confirm that we have morphed from a down trending market to an up trending market.
It's going to be very important that the rising trend marked with the red line on this chart is not breached tomorrow morning. As long as that does not happen, then expect new highs for Friday and into next week.
GL
Next and very important, and per my method, the 200EMA must turn up to confirm that we have morphed from a down trending market to an up trending market.
It's going to be very important that the rising trend marked with the red line on this chart is not breached tomorrow morning. As long as that does not happen, then expect new highs for Friday and into next week.
GL