The S&P 500 Index 1102.83 racked up a slim gain of 4.5 points, or 0.4%, it's a major psychological win by taking out the 1,100 level. And, like the Dow, the SPX is still holding strong atop its 10-day trendline. However, the 200 days moving average is still act as a cover.
I got my SPXU order filled when the SPX reach the 200 days moving average today, not a big order though because the momentum is kind of strong at this moment. I might sell it if the market is on my side tomorrow.
Tomorrow is a very significant day. We have non farm payroll, unemployment rate coming out. If there is a strong up day with huge volume, then I believe it will attempt the next few resistance which is 1120, 1150, and 1160. If it fail the 200 days moving average tomorrow, watch out the S&P retest 1070 and previous low 1040.
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