Tonight's Non-Farm Payrolls Report Will Trigger a Stock Market Rally! Are Bullish Signals Emerging?
The long-awaited September Non-Farm Payrolls report, after 48 days, is finally here! The market has been on a rollercoaster, with the S&P 500 struggling around 6642 points and the QQQ fluctuating around the $600 mark. At this crucial juncture, a significant signal has emerged from the options market—mysterious large investors have begun aggressively buying call options!
Three key signals cannot be ignored:
1. Technically, the S&P 500 is hitting the key 38.2% Fibonacci retracement level, historically a starting point for dramatic rebounds.
2. Nvidia's strong earnings led to a post-market surge, suggesting tech stocks may lead a rally tonight.
3. Although the VIX remains high at 23, smart money has already begun betting on a rise.
Historically, better-than-expected Non-Farm Payrolls reports often trigger significant rallies: Last October, with 254,000 new jobs added, the S&P 500 surged 0.9% in a single day; this May's data exceeded expectations, causing the Nasdaq to jump 1.2%. Although tonight's September data is "outdated," it's enough to break the current market stalemate!
Our trading advice: Aggressive investors can wait for the data release and then chase QQQ call options; conservative investors can gradually build positions in index ETFs; and conservative investors can hold onto out-of-the-money call options and earn the premium. Remember, as long as key support levels hold, a rebound is imminent!
Will tonight be a dramatic comeback or a continued dip? Leave your thoughts in the comments!
