The S&P 500 broke medium-term support at 1290/1300 with a strong red candle on the back of weaker job numbers. A 21-Day Twiggs Money Flow peak below zero warns of selling pressure. Expect a test of primary support at 1150.
On the weekly chart, Nasdaq 100 is headed for support at 2400 after breaching 2480. Penetration of the rising trendline warns that the primary up-trend is weakening. Reversal of 63-day Twiggs Momentum below zero would strengthen the signal, suggesting a primary down-trend.
Colin,
Thanks for the great information. What are you using to determine 1150 as primary support for the S&P 500?
morning, please show us the eurusd chart with your opinion about the next evolution!thanks anticipated