Week of October 7

How will the market will digest blowout payrolls?

Recap of last week

Last week I was bearish short term, as the JPM collar roll was used to squeeze bears before they dumped it for 3 days in a row.

On Thursday however, I flipped bullish for NFP as my data showed that NFP had a high chance of beating expectations due to JOLTs and claims inputs.

No multiple (useless) scenarios. Even a monkey could tell you bad payrolls = sell off and good pay rolls = rally. I informed my readers to expect a stronger print. And expect bullish price action. Point blank. No hiding behind ambiguity.

Although I wasn’t expecting that high of a number 250k plus, does that change my view for the back half of October.

Next move for markets