Hello everyone.
Yesterday we got strong US jobs figures. Payrolls rose much more than expected, around 133000, while the unemployment rate unexpectedly fell from 4.4% to 4.3%. The dollar reacted with a recovery, but interestingly, we have not seen strong bullish follow-through. Price quickly gave back part of the gains, and at the same time stocks saw just a small setback but then stabilized nicely again. This suggests that risk on sentiment is still present, which could weigh on the dollar in sessions ahead.
When looking at the SPX, seems like one more high is probable after near-term setback to 6900-6920 support. Upward projection is near 7050 followed by 7120 max if we get a throw-over.
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