Friday, September 2, 2011

Abrupt end too bear rally - 2 Sep 2011

It is about 10 mins to the US Non-farm Payrolls release...

The ES futures are telling that the bear rally has ended abruptly and the remote possibility of reaching the target (yesterday's post) appears to be gone.

Below is the current chart... will be posting one with commentary later...



Here is the chart as promised...
Annotated with comments.




The MadScientist

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1 comment:

  1. NFP out as 0K vs 74K expected.
    Unemployment remains as 9.1%

    Bye bye markets!

    ReplyDelete