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Market Radar for SPX Wednesday and Stock in Play $REED. What were the setups today Review
Markets still acting like it is hung over from the Thanksgiving Holiday but that should end tomorrow as we have some pretty major catalyst. Everything is laid out for you in the video.
Tomorrow, we have the U.S. ADP Nonfarm Employment Change and Federal reserve Chair Jerome Powell at 1;30pm EST
The ADP National Employment Report is a measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients. The release, two days ahead of government data, is a good predictor of the government's non-farm payroll report. The change in this indicator can be very volatile.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
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