It will be interesting to see what happens with the S&P 500 this week. We have quite a bit of data out this week including Non-Farm Payroll. -see here at forexfactory.com. The weekly MACD is crossed up while the monthly MACD is still crossed down so that indicates to me that we are seeing a sideways consolidation. I am watching to see if the kumo breakout holds or if it turns out to be a false breakout.
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