Good job data but pull out of USMCA in the works?

Eric Seto

21d • General discussion

The US added over 100,000 jobs but...

1. Some critics say the data is incorrect

2. The US is considering pulling out of the trade deal USMCA

This led to a jump for Wednesday's open and quickly reversed within an hour

If we end this week with the same bearishness, then we will likely continue to be bearish for another week.

From a technical analysis perspective, we observe that there are large orders selling the market while the bullish orders are smaller and much more incremental.

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Cheers,

Eric

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Eric Seto

Chartered Professional Accountant (CPA)

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