The March jobs report came in at 236,000 versus 230,000 expected. Headline unemployment dipped slightly to 3.5%.

Futures bounced slightly on the back of algos which were focused on the nightly VIX meltdown.

continued for members…The big picture remains unchanged, with VIX, currencies and oil/gas all positioned to spark a bearish move if they’ll ever get off the dime.  The markets are now closed, but I’ve done a little fine tuning to the charts to indicate where the rally might go if ES can clear the neckline at 4180ish.