The market needed to correct a bit and the jobs news was a good excuse to do so. The issue now is whether it finds support and turns back up, or does this turn into a failed bounce and a retest of the pre-European Union Summit lows of 1330 or so.
As long as the S&P 500 stays above the 50-day simple moving average, which is around 1340, I'm inclined to lean bullish. That doesn't mean I'm rushing in to load up, but I'll be looking for long trades....104 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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