Post NFP report created a strong push which set a direction for the Algos from the getgo. After that they just spent the day grinding up. Active traders that observe the price action should be familiar with the Algos behavior. The machines need a kick and direction. That usually news related impulses.
Today's fading was simply risky. But next week could be a different story. One can see from the chart that the market is trying to undo the last week weakness. It is forming a V-reversal indicating that sentiment has changed 180 degree. The momentum indicators are flashing overbought condition though. One need to wait for a sell signal first to confirm that the party is over. Someone will say something, they always do, that would upsets the market and that would be enough to break the very steep trend line. There is not much structure to go around.
Stay nimble. The market offers long and short opportunities during day sessions.