Recent market is very interesting. Market don't want to go to anywhere. No matter, what happened in opening or during the day, it pulled back to almost its origin. Is it the consolidation of 940 level? Might be.
In my view, tomorrow is a decision point for market. Tomorrow we will have two important data, one is retail and the other is jobless. I think the retailer is more important than jobless.
The retail is forecasted 0.6% increase. However, personally, I think it will be disappointed.
The jobless is forecasted 625K. This one I think it will top the estimate. If it is larger, I think people will still accept it since people will think it is because of the bankruptcy of GM last week.
So if the retail bad and jobless good, it still will be a bad day
if retail is good, market will soar to sky, even the jobless is bad.
That's my 2cent.
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Morning Post 03/03/2025 SPX
3 hours ago
Good to know those econ news for tomorrow. So, looks like the Pivot Trend System is predicating "good" news and numbers tomorrow. Let's see whether it will work out.
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