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Gap up but within the yesterday's range so likely just a range day.
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JFR wrote:SPY 15. Choppy action to end yesterday's day session. A pbar shows up in the early session today.
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The phantom bar here hasn't been fulfilled yet. I consider it as a major one as it appears publicly on stockcharts daily chart.
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Friday’s jobs report will be released to a closed stock market—that’s only occurred 12 times since 1980.
The 2021 jobs report for March is estimated to show a gain of 655,000, after payrolls data showed that unemployment fell to 6.2% as 379,000 jobs were added in February, marking the biggest such gain in four months.
We still have maybe nine million people out of the labor force. We are going to need some blockbuster levels to get to pre-pandemic levels … some estimate that the economy would have to average some 750,000 jobs a month to achieve post-COVID levels.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
The government this morning reported a higher-than-expected 719,000 new filings for unemployment benefits last week. The prior week was revised lower to 658,000 initial jobless claims, the lowest level in over a year.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
If the breakout can hold above the blue line on closing basis then it's an uptrend day.
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