Post-open Review… Hardly a scratch.

Payrolls reaction holds the pullback limit.

The narrow overnight range had started ticking lower ahead of the Employment Situation report, touching 2547.50. The news reaction extended down to 2543.25. Another tick lower could have been touched without even threatening the chart’s trending pattern.

Not only touched, but tested. The pullback could probe under 2543.00 down to 2541.00 and still be considered as only noise. But it was only attacked to within 1 tick. So, stopping optimistically short makes the delay suspicious. Back under 2545.50 would target 2543.00 down to 2541.00.

Meanwhile, the delay has bounced up to 2547.50. Almost any higher would likely fill the gap back up to yesterday’s 2549.25 close. And probably also probe fresh highs, including the 2552.00 unfinished business above. Reversing back down from there would form a bearish Pivot Reversal setup, which we’ll explore if fresh highs are probed.