Friday’s light volume retrace on the equally ‘light’ jobs report erased gains for the week, leaving the S&P 500 (SPY) lower by -0.70% on the week. However, this move was also going into second quarter earnings reports commencing tomorrow, Small-Caps performed notably better, and price was already well into overbought territory — so next week’s performance should be much more telling looking ahead.
[Week 28 Calendars: Economic | Reporting]
Source: Mrkt_Commentary** subscription service; prior weekly posts.
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