Stocks at crossroads ahead of NFP
The US stock markets are closed today in observance of a National Day of Mourning for former President Jimmy Carter. US futures ended mixed, unable to find support from a firmer European market. All the attention will turn to the US jobs report on Friday, details of which can be found HERE. With not much in the way of macro factors to watch until the nonfarm payrolls report is released, I will provide some in-depth technical Nasdaq 100 analysis first before looking at some macro influences that could shape the markets in the weeks and months ahead.
Nasdaq 100 technical analysis
From a technical point of view, the Nasdaq has entered a more neutral territory over the last couple of weeks, even if the long-term trend is still…
