The Up Trend that started on 12/26/18 has resumed. Surge7 has turbo charged its ascend today with a big gap up at open, supposedly due to strong ADP private job report, and the potential of trade talk being on again.
Tomorrow Friday, we will get the official report on the employment situation at 8:30 AM EST. Also, Jerome Powell is due to speak at 12:30 PM EST.
Both of these events have the ability to cause the next swing high or swing low. It’s hard to predict, so we simply have to rely on the message from market internals for our guidance.
The rest of this article covers:
Table of support and resistance levels
Updates from market internals
Planning your trades
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