Since the end of January our focus has been on the weekly TDST Support line value of 1069.30. This was broken in yesterday’s big decline after we failed at the 38.2% retracement level. As stated on January 31 “A close of the weekly chart below 1069.30 would add to the case that the monthly sell setup is leading to a tradable short position.” If we can close below that level today we will have a tradable sell signal at hand.And speaking of today …. The jobs report will be a big driver of what happens.
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