Initial jobless claims are once again the focus of the day for the markets. Following yesterday’s huge move higher of nearly 3% we should see a light day and possibly a little profit taking (only natural). Historically, jobless claims have continued to come in lower than expected.
If we do head higher, then next intra-day resistance level is close by. I’m more inclined to think that we will see some profit taking back down to 1,065 before moving substantially higher.
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