I’m watching 4 things …
PATTERNS on the ES, $NYA, Banking Index and Yen to tell me if we break out to new highs.
- Banks are rolling. That’s bullish – get thru level shown then we should surge higher
- Yen, after an entire 6 weeks of doing nothing – EXPLODED. 119.80 line in the sand
- ES “basic” AB=CD complete.
- NYA shows a possible count calling for lower
Close today will rank in the “big deal” category in my very humbled opion.
Just a pattern guy … no idea what the jobs report, or rates, or any of that “stuff” means …