The NFP did not come in with a blowout number but instead a miss. That should alleviate fears that the Fed will take away the punch bowl soon and thus allow S&P 500 futures to push for 4114.25 or 4224.25. Would be bears have nothing to work with till under 4189.50.
Keep reading with a 7-day free trial
Subscribe to Trading On The Mark to keep reading this post and get 7 days of free access to the full post archives.