Tomorrow's August Jobs report I believe will lead to one of these scenarios taking place.
We are in a weird time where good news is bad news. A red hot jobs report could mean more hawkishness from the fed, which could lead to scenario 1 (double top continuation) onto the trendline of roughly $258.
A soft jobs report could rally the market (scenario 2), and we could see a cup & handle take place and carry us to roughly $288 area.
Not financial advice... Good luck to all :)
We are in a weird time where good news is bad news. A red hot jobs report could mean more hawkishness from the fed, which could lead to scenario 1 (double top continuation) onto the trendline of roughly $258.
A soft jobs report could rally the market (scenario 2), and we could see a cup & handle take place and carry us to roughly $288 area.
Not financial advice... Good luck to all :)