9/1 Recap. Big Intraday Reversal Before Jobs Number

What started off as a catastrophe ended up with a flat day on the /NQ and a green day on the SPX. The SPY bounced right where I tweeted out it should bounce intraday as you can see below. The uptrend held as support and for now there was a bounce but as you can see above all the moving averages are pointing down and will weigh heavily on this as it trie…