Stocks Jump on NFP Numbers. What's Next??

2021年6月7日

The NFP numbers Friday destroyed our short trade based on the otherwise reliable Gartley pattern. We have hit highs again at 4228, and if momentum continues we will seek 4245. Watch for momentum at open because we are at some serious levels of resistance which will take some momentum to punch through. If we do not see this momentum, we can strongly consider a short trade back down to 4188. If we see some bear momentum, our Gartley pattern has a target of 4144 or so. The Kovach OBV has jumped from the NFP momentum, but has since leveled off.