Is that a recovery in your pocket?

No, just “happy” to see the weekend approaching.

That”s the headline combo I had loaded during the noon hour. Its point was that the rally was topping with its tests of 1970.50. Now, of course, 1945.00 was just tested.

Tomorrow morning”s Employment Situation report often paralyzes the prior afternoon”s price action with anxiousness. Even a narrow range in this environment is relatively wide. More so, having returned to the range”s upper-end and being unlikely to trend lower does increase the potential for bouncing.

That”s essentially the pattern we”re tracking in the chaRTroom. Pullbacks holding the 1949.00 area and recovering 1954.25 would target 1960.50. But back under 1947.00 would be vulnerable to extending down, anyway.