Markets Could Break Today | Payroll Data May Trigger Selloff
Stephen Whiteside’s Friday market outlook highlights rising volatility and growing bearish pressure in global markets. Stock futures are lower ahead of major economic data releases, while commodities—especially crude oil—are moving higher. Weekly charts suggest markets may be shifting toward a more bearish trend as several major indexes test important technical levels.
The Nasdaq 100 remains on a weekly sell signal, and both the S&P 500 and Russell 2000 are nearing potential breakdown points. Strength in software and cybersecurity stocks provided limited support during Thursday’s trading, while energy stocks held firm. Meanwhile, gold stocks experienced sharp losses even as gold prices remain above key trend levels.
Stephen Whiteside
Friday, March 6, 2026
