Believe it or not, we’re about to wrap the best-performing September in decades.
But there’s still some doom-and-gloom out there.
The biggest hurdle he markets face this week is Friday’s incoming non-farm payroll report.
The question is: will the data support the Fed’s recent rate cut?
I’m not in the prediction business, so I’ll leave the outcome aside for a moment.
But I told you last week that there is nothing standing between us and the 580 target we’ve set on the SPY.
In fact, we hit a high of 575 just last week.
We’ve pulled back a bit (as I write this, we’re just above 571) – so the jobs report could very well push this market one way or another.
We’re either getting confirmation that the 0.50% rate cut was right on the money (and that more will come before the end of the year)… or that it was too much too soon for this market…
And that bring us to the charts.
Today, we’re going to do what we always do on Mondays: go around the horn and look at stocks, bonds, commodities, currencies and crypto.
We’re going to compare short- and long-term charts on our biggest benchmarks to look for clues as to where this market is headed next.
Just click below to watch now…
Good trading,
Tom Gentile
America’s Pattern Trader