As expected market consolidated pre-non farm payroll and after a 4 day rally. Breadth was neutral to slightly bearish. Will we see a breakout to claim 1900, we will see it tomorrow morning right after the payroll news.
There are 3 unfilled gaps to the downside which could also be targets of the programs. Market will not turn bearish till it closes below 1840. Will be interesting to see whether bulls or bears will emerge victorious. Next week also starts the earnings season which could dictate the tone for this 2nd quarter.
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