01 April 2016

SP 500 and NDX Futures Daily Charts - Wall St: 'The Fed Has Our Backs'

US equities initially sold off on this morning's Jobs Report, but then reversed as Wall Street looked at the landscape and decided that come hell or high water for the real economies of the world, the Fed has our back.

The major indices are now at their 2016 highs.  

And they are now at major overhead resistance.

The Fed needs to provide something more substantial to keep this one going.

Have a pleasant weekend.