My Market Thought has not changed, especially after seeing the private sector jobs number today. The SP500 looks to want to move towards the weekly 200/320SMAs, which is around 1220, or so previous SP500 patterns suggest, before the next major consolidation.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiSIECuY1CGGsV4Ain6uDocY9YlWfbGtFRjbfJdiXK3EZPZht1sjXF1oiVLASlv8M27awCXGT09BRIDVJQv5A4inqNoUA8WVxOSSOPigu8R4lrwVg9ukdlzZzhWq7qyG53EUqHK0HM9OVM/s400/sc.png)
I could always be wrong, and the market react negatively on Monday due to the jobs number, but that is in contradiction to the futures/treasury markets.
Thanks Echo.
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