As you can see the market did try to break down out of this upwards channel, but the bulls came right back up, and now we are trading in the channel again. You do not have to be Einstein to work out that is pretty bullish, at least in the short term.
As I have been mentioning lately, it is all about the USD, and see how the price came right back to the falling resistance I was talking about a few days ago! WOW! It stalled and back down we went today, to give bulls another excuse to take the market higher.
The market at the moment seems to take a few days to back and fill and create a higher low, and then then the bulls come right back to take the market higher.
Friday it will be all about the JOB numbers. So I do not think there will be much action till the numbers come out during the day on FRIDAY!!
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