Tense Final Minutes for S&P 500 (SPX)

What a crummy performance after yest.'s potent recovery rally...A tense final 30 minutes ahead for the SPX... as all eyes begin to focus on the reaction to tomorrow's Employment Report, which could have a significant impact on near and intermediate term price direction...

Incidentally, with 30 minutes remaining in today's session, the NYSE A/D line is negative (1485 vs. 1764), and has been deteriorating all afternoon... Again, not the kind of upside follow-through we were looking for after yest.'s "bullish" reversal...

For more of Mike Paulenoff, sign up for a Free 15-Day Trial to his Macro Trading Charts. Or try his QQQ Trading Charts or his E-mini S&P 500 Trading Diary.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!