Friday's much stronger than expected employment report sent bond yields sharply higher and the dollar rallying, though stocks were left almost unchanged on the day after some early volatility.
Overall on the week, value has shifted higher with most time and volume trading between 2095.75-96.75. This will be an important area for bulls to gain ground above going into this week. The bullish bias remains and ideally for longs the market holds last weeks value area low (see below).
Overnight the range is currently 2086.00-2097.75 versus settle at 2093.75. A bull flag continuation pattern is forming, though we may see a test of the lower end of this channel still if the current overnight lows don't hold in regular trading hours.
Areas of interest for support and resistance in green and red dotted lines. The micro bull/bear I'm using today is 2094.75.