Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Dow Jones Outlook for Tomorrow

  • Non-Farm Payrolls comes out tomrrow at 8:30 am EST. Expect a reaction from the markets as this number is sometimes out of line with analysts expectations.
  • The trend on the hour chart has changed to down completing a triple top formation. This could either be a corrective wave preceeding a fifth wave or the start of a wave that takes the market lower.  
  • Overnight expect a pullback to previous support and the daily pivot point at 11,543.
  • During the rally, the Nikkei remained weak as did the Russell 2000.