Following NFP report last week which seen as bullish
despite an uptick on unemployment data, the focus mainly was the hourly wages which beat expectation of 0.4% vs expected 0.3%. This week economic data (JOLTs report) should give us a closer look at the labor force market and whether unemployment is really a concern. If however, the market disappoints then we could see further decline in lower levels. In a meantime, staying bullish
with a positive data can see a reversal forming at 101 even handle. Happy Trading!