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Terrible NFP Number Ensures SPX Prints Third Weekly Decline in a Row

Direct from the desk of Dane Williams, This is not your average forex broker blog.




Did you catch the NFP number last night?

US Nonfarm Payrolls -700k v -100k expected.

Oh and remember that number was from March.

Yes, before every business was forced to shut down and lay off all of their staff.

Holy fucking shit is that number going to get worse from here.

But hey, at least stocks don't really care anymore...

SPX Daily: image.png

While that was the S&P 500's third weekly decline in a row, markets are no doubt already desensitized.

In saying that however, the technicals across indices markets still look to be setting up for further falls in the coming weeks.

Remember the XJO reality check to bulls that I wrote about last week?

Well, no meaningful resistance levels across any of the major indices markets have been broken and it all still looks immensely bearish to me.

Enjoy your weekend by please staying the fuck inside.

For the 1000th time, it's not for you, but to protect those most vulnerable in our communities who may need care in an already clogged hospital system.

Best of probabilities to you,

Dane.




@forexbrokr | Hive Blog

Market Analyst and Forex Broker.

Twitter: @forexbrokr

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Terrible NFP Number Ensures SPX Prints Third Weekly Decline in a Row was published on and last updated on 03 Apr 2020.