Wednesday, April 3, 2019

Daily Update

S&P tested 2889 but failed - futures still closed positive at 2879. Four hourly charts are on obvious technical sell signal but hourly cycles haven't peaked yet - there is still some more time left tomorrow to uptrend as long as price holds here.

US Dollar closed lower today at 96.70 and is on sell signal - only a decisive move higher from current level will cancel it.

Services PMI came at 55.3 and composite at 54.6. ISM non-mfg index moderated and came lower at 56.1. Tomorrow, we get jobless claims at 8:30 am.