Jobs Revision Shrugged Off — Bulls Still in Control
by Tony Rago
The revised jobs number hit and ES pushed right back to 6,988 while NQ tagged 25,333 — and the market barely flinched. No dramatic repricing, no emotional unwind. That tells you something. When data drops and price holds firm, it’s usually a sign of underlying bid. Right now, bulls are absorbing everything the bears throw at them. Dips are getting bought, and momentum hasn’t cracked. When sellers can’t gain traction on potentially market-moving news, that’s information in itself.
Now the focus shifts to the open. Do they press this above 7,000 on ES and force momentum players to chase, or do we see an early fade back toward overnight lows to test conviction? That 7k level is psychological and structural — round numbers matter because positioning clusters around them. I’ll be watching whether acceptance happens above it or if it turns into a quick rejection zone. Patience at the bell. Let the first rotation show its hand, then trade the structure, not the emotion. ⚡️
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
