SPDR S&P 500 (SPY): ADP report was pretty bullish yesterday...

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Re: USDollar post# 336299

Thursday, 02/04/2021 2:50:35 PM

Thursday, February 04, 2021 2:50:35 PM

ADP report was pretty bullish yesterday and this morning's unemployment report staying in the right direction. I think 178,000 jobs created vs 40,000 estimate and -70,000 last month. Market likes jobs.

XLE and XLF look about as bullish as I've seen, at least for short term. Energy and financials are the engine of the economy. sure tech is all the fancy gadgets inside, but if tech and financials are going up, the car is moving forward.

Lots of room to that upper BB and higher low recently.

Weekly too

Might break out of that double top this time

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