Post-market Wrap (recording & summary)
Anxiousness ahead of Friday’s Employment Situation report didn’t paralyze price action. At least, not everyone’s — only buyers. Thursday morning failed to trigger bias-up and the afternoon triggered bias-down. Interestingly, the 2082.00 bias-down target was met, and the room for noise under it down to 2077.50 was attacked to within almost 2 points. Its reaction up to only 2084.50 suggests the target remains in-play. And if tested in reaction to payrolls, the market will have a big decision to make on whether to enter the weekend. Either ride the roller coaster back up in a short-squeeze, or hang on for dear life.
Details and other markets coverage are discussed in the post-market Wrap recording here.
Monitor overnight Globex trading in the chaRTroom here.
