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Assessment: Solid move by the bulls yesterday. The 10 year Treasury yield is dropping as of this morning after the jobs report came out. Low yields tends to push up the stock market, which so far has occurred. Everything seems to point to bulls pushing this up to SPY $435…then we will see what sort of momentum they indeed have to push to new highs, or for all of this to collapse lower. Right now though, bulls have the ball and will try to get running!
Good luck in your trades!