First Look: 2021-03-05

Strong NFP numbers hold up the market this morning

S&P 500 futures are up on good NFP numbers. Up against initial resist at 3816.00 in the morning but I’m inclined to let it try to stretch for a little more, say 3825.50 later in the morning or early afternoon. If bears fail to step by 3839.00, they go for a deep retrace around 3867.00. Suspect 3794.25 is support on any initial pullback. Bears need under…