sp'daily3 - fib retrace
Summary
*ADP jobs: 212k gains, broadly inline with market expectations.
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So.... we're set to open a little lower. It will be important for the equity bears to break the market into the 2080s today.. along with VIX in the mid/upper 15s.
Primary downside target remains sp'2065, which should equate to VIX in the 17s.
Notable early weakness, oil/gas drillers, RIG/SDRL, both lower by -1.5%
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Hunter with doomer Kirby
Quite frankly, I think Kirby is wrong about just about everything. As ever... come to you own conclusions.
Good wishes for Wednesday trading.