NFP digestion

Outlook 05/10: U.S. stock futures printed a new record high overnight, after jobs report. Data on Friday showed that U.S. jobs rose by 266,000 in April, trailing estimates for a one million jump, marking a huge miss by economists and raising questions over what data they're using. Despite the blunder, the news could be good for equities, as it may suggest the Fed may hold its accommodative stance for longer. Secretary Yellen weighed in by saying the report "underscores the long-haul climb back to recovery, but still represents continued progress."  

/ESM21: YVAH 4232 YPOC 4227 YVAL 4213 GAP 4227.25

/ES Plan: Last session market closed bullish, but overnight looks balanced, moving within Friday's value, so these are the initial balance options for today:

A) If market moves above YPOC 4127 with bullish internals, buy towards ATH-ONH 4238.25 and PBTs 4241-4261.

B) If market moves below YPOC 4127 with bearish internals, sell towards ONL 4222.25 YVAL 4213 and GAP 4194.

Note: Remember that new record high has been printed overnight, so it's still pending to be revisited at regular trading hours.

Market Movers

12:30 PM Investor Movement Index

2:00 PM Fed's Evans Speech

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