European markets ended the day higher yesterday, after the European Central Bank (ECB) left interest rates on hold and a widely watched U.S. employment report that came in stronger than expected added 288,000 jobs in June and the unemployment rate fell to 6.1 % from 6.3 %.
U.S. stocks rocketed higher out of the gate yesterday, as Wall Street applauded a stronger-than-expected nonfarm payrolls report for June. The Usa500 is quickly approaching its own round-number target at 2,000. Against this backdrop, both barometers settled the holiday-shortened session at record closing highs.
Expecting upward move to 2,000 on a break above Fibonacci extension at 1,977.55 (scenario 1) or wait for a pullback to daily support at 1,959.62 (scenario 2).
Usa500 is a CFD written over S&P500 futures.