Trends maxed to the downside - But Payrolls (and soybeans?!?)

So while I exited a bit too early, my prediction came about yesterday, and here we are. With us being maxed out to the downtrend, except the 30m that just popped an uptrend, I've some concerns that we will have a technical bounce up to gather some of the higher timeframe trends before we decide if we go flat briefly and rally, or build strength to head lower.

Trends into today;
Last Macro Trend Signal Spots
30m - 3911 Uptrend (3/10/2023) Lower High
1Hr - 3956 Downtrend (3/7/2023) Lower Low
2Hr - 4010 Downtrend (3/7/2023) Lower Low
3Hr - 4010 Downtrend (3/7/2023) Lower Low
4Hr - 4010 Downtrend (3/7/2023) Lower Low
6Hr - 3989 Downtrend (3/7/2023) Lower Low
12Hr - 4023 Downtrend (2/21/2023) Higher Low
Daily - 3919 Downtrend (3/9/2023) Higher Low
Weekly - 4366 Downtrend (2/14/2022) Higher Low

The Long Position;
Any major movement down, especially if we get a 30m downtrend, will likely reverse back up to our current level. Additionally, we could see a technical bounce today, I'm just not sure it happens instantaneously. This is my more likely scenario excluding factoring in Economic Data (see below). However, every uptrend we hit is going to be a potential resistance, so I don't know that I will hold a Buy position for very long.

The Short Position;
I could see that if we come up, that we might want to briefly visit the lows of the day before we end up neutral. So basically, head lower at the open, to the lows, before settling there for the day or even coming back up. I'm not sure I'll take this position today, but it is the scenario that plays out if we head short.

Economic Data;
Payrolls and Unemployment is today. Likely going to be a major factor in the markets. So prepare yourself.

My sentiment for the day (from 3910;
Shorter Term - Bullish/Neutral
Short Term - Neutral
Medium Term - Neutral/Slight Bullish
Long Term - Neutral

I will make this as a "Long", but just fyi, I don't see us having a major 1.5%-2% day to the upside. I think we could end just slightly higher than where we are by the close of the day.

Safe Trading, and remember your risk management!

Comment:

Payrolls down, unemployment went up, but more jobs created than expected. I expect an upward movement on this.

Comment:

I made $1000 off a trade here going Long into the data. If it was going to go higher I would have expected it to head there already, so I've exited for that and I may just end for the day at just under $10,000 for the week.
Lots of resistance to go higher
Data says we should go higher (most of the data).
I will check back in later but I think I'm going to just enjoy a really great week.

Comment:

Alright, I changed my mind. Went long at 3886. Looking for a pop back up (though still potentially negative territory) by around 13:00 (3hrs 15mins from now)

Comment:

Took a profit at 3891 on that... not sure it's the upward movement I want yet.

Comment:

bleh. Screw you market hah. Oh well. Guess it was the upward movement I wanted. The initial move lower got my skittish

Comment:

Exactly where I thought we'd end up by the end of the day... see if it holds in this area =\
Drats, but risk management is risk management

Comment:

So I went long here at 3867... it's more in theory at the moment. I had mentioned the other day that we would dip from 3993 to 3867 based on a 6 point average trend test. While we did rally just past the 3993, I'm not sure we actually settled much above that. So, I find it interesting that we are now here at the 3867 level, and I'm willing to explore the price prediction and see how things work out.

This SVB stuff is really just crushing stocks today. Not sure we recover much from here, but here is hoping we at least get back up above 3900

Comment:

Additionally, we have already gotten a new 30m downtrend, and we are currently right at a 1hr downtrend here around 3867. Certainly could go lower, but I think past that we are yet again maxed out to the down and need brief rallies.

Comment:

Mmm, went in a bit early, should have trusted the 1hr would stick. It did strike at 3852, and we've rallied since. That maximizes our downtrends, so I'd expect a 30m uptrend here at least.

Comment:

Eh, I bailed on the trade for a $100 profit. Considering that dropped negative for a moment, I decided I'm back to being done for the day.