BTP TECHS: (H6) Impulsive Bear Wave

• We have published and e-mailed to subscribers the MNI US Employment Report covering a range of labor indicators for October in lieu of a second month of official data under the government shutdown.  
• However, an imminent end to the shutdown could mean we get September’s BLS nonfarm payrolls release within the next week. The BLS Secretary has said the report will be issued "as soon as this government opens”.
• See the full report here: https://media.marketnews.com/US_Shadow_Employment_Report_Nov_docx_cceb084370.pdf

E-minis remained underpinned after movement towards the reopening of the government over the weekend, pointing to comfortably higher cash opens.

• Such a move would extend on Friday’s late recovery in cash indices.
• The 3 major contracts are through Friday’s highs but shy of Thursday tops.
• Our technical analyst notes that the trend condition in S&P 500 e-minis remains bullish and the pullback since the Oct 30 high appears corrective. Friday's activity highlights a potential reversal signal - a bullish doji candle. A continuation higher would signal the end of a correction and open 6,953.75, the Oct 30 high and bull trigger.
• S&P 500 e-minis: +0.98%
• NASDAQ 100 e-minis: +1.54%
• DJIA e-minis: +0.44%

Appr -32,000 SFRZ5/SFRH6 spreads sold earlier: -0.200 after -10,000 SFRZ5 Block sale, 96.24 at 0836ET.