The First Trade… Back to business?

Proper context can start the day with a solid win and make all the difference.

CHARTROOM LINK(s)
o Win XP-Friendly entry
o non-xp friendly (ilinc)
(pre-open Market Tour begins at 8:55 ET)

Through the prior close…
Thursday morning’s 19-point slide fulfilled multiple objectives that had been attracting price down, inhibiting the rally from resuming. Bouncing through the noon hour was unable to extend, and the afternoon only ranged choppily, once the next day’s Employment Situation report began paralyzing price action.

Overnight action’s new info…
The overnight 2092.00-2095.00 range was narrower than most intraday timing windows. First dipping to the range’s lower-end and then bouncing to its upper-end is now dipping again to its lower-end. But it’s otherwise only noise, continuing to be inhibited ahead of this morning’s Employment report.

If, then…
Having neutralized the “unfinished business below” yesterday, the rally is free to resume. Son, not resuming the rally would be likely instead to extend down more substantially, if not also steeply. Resuming the rally need not be either substantial or steep, simply obvious — probing and extending to new recovery highs.

First Trade…
There are no preliminary levels ahead of an Employment Situation report.