Possibilities are endless as far as counts. Today being a POMO day makes the "box of chocolates" market even more difficult to forecast. That upper resistance line has been giving price hell. Well, had been. 451k jobs, 27k drop. Maybe the Fed won't have to waste the POMO funds. Minis spike to 1103 and halt, so only a 6 point pop on that. Range today is 94 to 04 at this point. Markets broad range is 92 to 07. 100 to 97 is support. Below that you get 95 and 92. The VWAP is 98.5 and the upper band at 05 lower band at 92. I really want a higher high here (07.25) to set a really clear sell divergence. There has been a smaller divergence set this morning. Markets not reacting much at all to the jobs number (they shouldn't really 451 is a bad number).
