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$SPX Daily Update

|Includes: SPDR S&P 500 Trust ETF (SPY)

What a day Thursday was! durable Good Orders and Jobless Claims were relased before the market open, and spooked a lot of people. The SPX fell almost 15 points early in the day, yet staged a surprising recovery. By end of day it was slightly above its open, and only a couple of points below Wednesday's close.

So where does that leave us. It leaves us waiting. The 10 day MA is converging on the 30 day EMA, so we're waiting for the trend to re-establish self, in whatever way it may go.

Disclosure: No position