Weak Jobs Report Enables Equities and Oil to Surge

The e-SPM plunged 22 points in the aftermath of Friday's shockingly-weak Jobs Report, but since then, has climbed 32 points in what appears to be another downside, bearish headfake followed by a rip that jams the shorts.

In this particular case, however, my Feb-Apr pattern work is starting to "warn" me that a large-digestion (coil) pattern is ending-- and should resolve itself in a powerful, upside thrust that propels the e-SPM to new all-time highs into the vicinity of 2150 at a minimum.

If the e-SPM climbs and sustains above 2082, then "the chase" (to the upside) will be in full throttle.

As for Crude Oil, let's notice that it is making new high for its current upmove from $47.28 and is in route to testing its March 26 rally high at $52.48.