The S&P 500 could not break through resistance at the 200 day moving average (about 1106). It touched it and then quickly dropped back down.
Friday morning the government will release the highly anticipated employment data numbers. More than 500,000 new job creations are expected. Most of these new jobs will be attributed to US Census Bureau hiring. More importantly, the employment report needs to show improvement in private sector job growth. If we don't get an increase in private sector new hires the market will probably sell off.
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