A weak Jobs report has confirmed yesterday’s indicator suspicions, or is it the opposite way around…

We are clearly back in a downtrend and I’d be careful of another flash day so no counter trends will NOT be placed until we feel like the market has settle down.

Because of the potential for aggressive moves today I am providing two levels of forecasts; Longer and Shorter

Longer: – If we strongly break 1076 then we could be ultimately looking at 1058.75 then 1045.25

Shorter: – On the way down of a break of 1076 we should see then a 1061-1063.50 with 1073  and 1067 offering strong support along the way. We could also see a retracement to a 1089-1093 zone prior to a push down. However, if we break 1093 going up we could see 1102 but I wouldn’t take that trade unless the trend indicators supports it. As of now, short trades only.

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