The day worked out as expected with a dip in the first hour of trading. From there the direction was higher but with plenty of choppy action. The final hour and half saw investors obviously decide that the employment report will be better than expected as volume rose as the index climbed to 2850. Following that, the index slipped into the close but remained positive and closed just below 2845.
Advance Decline Numbers Outlook for Fri Jun 7 2019
Here are the market breadth indicator signals along with advance decline numbers from the S&P 500 Index and NASDAQ Index from the close of trading on Thu Jun 6 2019.
Members should review the signals after the rally continued on Thursday, before the release of May’s unemployment report tomorrow.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Fri Jun 7 2019
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