More Chop Before NFPs, Or Not?

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ValueWalk

Again, today’s report will be way shorter than usual, and focus only on select charts so as to drive position details of all the five publications. Q2 2021 hedge fund letters, conferences and more Let‘s move right into the charts (all courtesy of www.stockcharts.com). S&P 500 and Nasdaq OutlookTuesday‘s intraday reversal looks to mark the meek bearish push I talked about on Monday – I‘m looking for the bulls to be today on the initiative. Today, that‘s a key word here, especially given the (a bit too one-way extended but still) risk-off credit markets, and tomorrows non-farm payrolls of course…

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