This morning”s Employment Situation report

This morning”s Employment Situation report was greeted at yesterday”s 2088 high. Still under 2090-2095, but perhaps more so for stopping pessimistically short of probing it. In any case, the reaction was very optimistic, surging to 2101.50 and then extended to test 2106.

Bias parameters aren”t very relevant when the open is indicated at or beyond what would be a doubly-renewed target. That”s 2101.50, and exceeding 2104.25 through 9:45 would be likely hold above 2101.50 and probe higher highs. Exiting the open under 2098.50 would be less likely to exceed 2101.50 before extending the pullback to test 2095.25.

Beware this bearish scenario: Sliding through the open to test 2093.50. That could bring out sellers through the morning. Otherwise, the door to new highs is open. Here”s the pre-market Tour recording:
https://roddavid10.mitel-nhwc.com/join/rkrbysj

P.S. Reminder: Saturday Review tomorrow!