sp'daily5
Summary
*weekly jobless: 294k... broadly in line.
---
It looks like we're getting early confirmation that yesterday was indeed day'1 up of a new cycle.
For 'absolute' clarity, I'd like to see a daily close in the 2050s... and that now actually seems just about possible today.
Market looks set for a second day of gains.... a close above the 50dma for most indexes will be a particularly bullish sign ahead of tomorrows big jobs data.
--
For the bears still short... this is no doubt annoying, but hell, they should have bailed a day or two ago. Hourly cycle offered a rather clear spike floor on Tuesday afternoon, even I noticed it!
Have a good Thursday