Forex Signals

Check out the volatility on the chart below of the CFD of the S&P 500 stock index!  Wow, when the awful NFP report showed ZERO jobs created, teh market initially spike higher on the hope that Bernanke and the Fed will be lauching QE3 shortly.

However, while that may be the case, no one is expecting that to occur this minute, so selling is in order and that’s what we’ve seen.  A 20-handle move in less than 5 minutes is extraordinary, and it is unlikely that this sentiment will change dramatically ahead of the long, holiday weekend.