What a roller coaster ride for many last week but the outcome, pinning the indices back to where it should be, worked out perfectly. Nasdaq daily up trend now broken.
The bearish bias played out nicely. This week SPX will struggle to follow the Non-Farm Payroll playbook due to the technical damage from last week.
A twisted version of NFP week played out. Still roasted shorts not aware of the bias. Weekly correction phase over, another push higher in the making.