Can we play the anxiousness ahead of NFP?

Extended higher during the noon hour, but only so high.

Holding this morning”s 2070.00 bias-down signal”s test through 10:15 had put into play an offsetting test of the 2080.50 bias-up signal. It was met, held a retest, and reacted down a little. But really, its resistance was just waiting for the bias environment to lapse.

When the bias environment lapsing came into view 10-15 minutes earlier, the rally resumed. Or, at least, it extended.

Testing and retesting 2088.00 was reversed back under under this afternoon”s 2086.00 bias-up signal to avoid it triggering. Bouncing from 2083.00 has reacted back down from 2086.00. 

We discussed this morning the goal a noon hour bounce, to create room for an afternoon pullback without it damaging the chart. The damage would begin by closing back under 2080.50. Back under 2082.50 would target 2079.00 intraday. It would be difficult to recover today from any lower.

Optimism can”t be too extreme ahead of tomorrow”s report. Trending above 2086.00 when the bias environment begins lapsing soon would be credible for extending higher through the next hour.