Midday Update: 2023-12-08

A dip on the NFP but recovery to just short of the July high in the S&P 500

S&P 500 futures were testing support at 4576.50 just before the NFP numbers and spiked down to hold a higher low to that of early morning yesterday before quickly recovering 4576.50 and basing above it. Next, we saw buying on the day session open that pushed futures up to fill an overhead gap which was my first target for today and fell just short of th…