ok. The jobs number came out at 157,00. Its about as bland as expected. Actually the market reaction doesn't seem as robust as you might think. 70,000 contracts is a lot volume, but the delta isn't that great. There is some patches of selling.
If there is one thing I have noticed is that sp is struggling around these levels, but the longer we consolidate the better chance we have of going higher.
The only other worry for the bulls is yields. They are in a firm downtrend and that will way on the markets at somepoint.
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