Post #16066

S&P 500 Rebounds on Strong Jobs Data, But Key Resistance Still Looms Stocks are catching a bid off the recent lows after a strong labor print surprised markets. The U.S. added 178K jobs in March, crushing expectations and reversing February’s loss — a clear signal the labor market is still holding up. Right now, the economy is showing resilience. But the lagged effects of elevated oil prices haven’t fully hit yet, and that’s where things could shift. In response, traders are already dialing back expectations for Fed cuts into 2026. From a technical standpoint, the key level hasn’t changed — the 200-day moving average. Most major indices are still trading below it. A clean break and sustained hold above signals real strength and potential trend reversal. Until then, structurally, this remains a bear market. - Alan