S&P 500 futures pushed up on the NFP numbers so as form a new high on the open just above the 4533-39 resistance zone. I see this as a wave ii candidate which needs to be followed by a five-wave impulse down. The alternative is this high is small ‘B’ wave type high and any low today as (IV) which would allow one more high early next week.
Here is a 3-min chart of the E-Mini Nasdaq 100 futures. I’d like to see a new low later today but not a sure thing. As more people check out early for the three-day weekend, it will be more difficult to get follow-through lower.
Enjoy your weekend.