Today has been a strong session for the bulls, with the Jobs Report initially pushing prices higher to fulfill the 5800 handle target, as outlined in the Daily Trade Strategy (DTS) Briefing. The market saw some responsive buying around the 5760 LIS, but there were also moments of rejection near 5800 before regaining ground towards the close.
Key highlights from the commentary include:
- The initial upside target from the report hit at 5767.
- A push through the 5780-5785 zone, with buyers stepping in at 5770 for support.
- A “Sell the Jobs Report” scenario playing out as rotational swings presented opportunities.
- Closing above 5800, with bulls maintaining control into the final bell, ending the week strong.