Post-open Review… Fresh low absorbed.

Both bias parameters rejected.

The pre-open Employment Situation report was greeted at 2875.00. Its reaction spiked down to 2869.00, which extended down to 2866.00 through the open. A retest down to 2865.00 was recovered, back above both the 2868.75 bias-down target and the 2875.25 bias-down signal.

Maintaining recoveries from testing both through 10:15 has put into play offsetting tests of both bias-up parameters — 2886.75 and 2892.25. Unfinished business at 2895.50 would likely be a part of that mix.

Nothing prevents a straight path up. Also, nothing requires it, even if we knew with 100% certainty the upside will be fulfilled today. But exiting the bias environment rallying through 2884.50-2886.75 would start to suggest a short-squeeze into the weekend.

Meanwhile, exiting the bias environment in negative territory under 2880.25 would be less reliable for rallying this afternoon. And back under 2875.00 would re-open the door to 2857.00.