sp'daily5
Summary
So.. we're due to open higher, but that could easily flip in early morning, just as happened yesterday. The daily/weekly trends remain very bearish, and it would make ZERO sense for sp'1926 to be a key cycle floor.
Best case for the bears today...
Another lower low <1926
VIX weekly close above 200 MA... > 17.50
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Update from a (naturally) bullish Carboni
Lately though, he has been regularly wrong.
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Good wishes for Friday
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8.31am.. Jobs data: 248k net gains, headline rate 5.9%
Indexes holding gains, sp +10pts, sp'1956....
Regardless... a long day ahead.