Market Model (8 Dec’19)

U.S. stocks and government-bond yields rose Friday after a surprisingly upbeat monthly jobs report signaled strength in the U.S. economy, offsetting some of the jitters about trade that rattled investors earlier in the week.

Important Levels on S&P500

If S&P500 can stay above 3125 level and continue its bull move, we will most likely see new all time highs next week.

ES, 1h Chart

Market Model is 87% LONG

13 indicators are on BUY and 2 on SELL

BREADTH INDICATORS

NYSI – Buy

NASI – Buy

NAHILO – Buy

NYHILO – Buy

ITBMRASPX – Buy

BPSPX – Buy

BPCOMPQ – Buy

BPNYA – Buy

SPXA50r – Buy

TECHNICAL INDICATORS

Vortex – Buy

TSI – Sell

Stochastic – Buy

MACD Hist – Sell

Force – Buy

CCI – Buy

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