sp'60min
Summary
*awaiting the monthly jobs data.
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So... overnight gains, and no doubt some equity bears are a little spooked. Broadly though, we're set for severe net weekly declines.
sp'1938 makes little sense as a key low, and I'd still look for another push lower to the 1920/00 zone... late today/Monday.
I hold to the issue in that the style in which we close today should give clarity on whether Monday is down big.
By 3.55pm we should know if the Monday open will be a bearish one.
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Update from Oscar
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Doomer chat with Mr H.
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Overnight action
Germany: currently +0.1% @ 9987... struggling to claw back >10K
Japan: -0.4% @ 17697
China: +2.0% @ 3186... but that is a long way below the key 3400 threshold.
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Have a good Friday.
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9.11am... Am kinda tired... will be taking things a bit lighter today.
Suffice to add.. 292k jobs... well above mainstream expectations...
sp' jumps to +28pts... but we're currently already cooled back to +12pts.
Red indexes look probable.
The issue remains... in what manner do we close... for the setup on Monday.