Today’s pre-market forecast and weekly preview. Two things to keep your eye on, 50/200 death cross and strong rejection of the 20 sma on the daily. Can the market break those areas or can we expect more down draft?
- Job numbers up and unemployment rate lower than expected continue to full the markets bull rally.
- Bullish rally continues as investors see the light at the end of the tunnel.
- Market remains above 200 sma on strong volume.
- Some heavy news items today and expected profit taking creating for mixed environment.
- Technically market showing much strength. 80/20 bullish cross over, close at the 200 sma….
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