S&P 500 "poised for action," the market holds its breath ahead of nonfarm payrolls.

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BlockBeats News, July 2, the S&P 500 index is consolidating ahead of the non-farm payroll data release on Thursday, as traders focus on opportunities to buy the dip, triangle pattern risks, and the potential move toward 7600 points. Previously, the S&P 500 experienced volatile trading on Wednesday, which is reasonable since the market had already gotten ahead of itself before the non-farm data release.

Analysts believe that any sell-off during Thursday's trading session—unless the U.S. releases exceptionally strong employment data—is an opportunity to buy the dip. The market expects 114k new jobs added and an unemployment rate of 4.3%. This could be an uneventful event, possibly just confirming what is already known—that the U.S. economy is still functioning. A short-term pullback could be a potential buying opportunity.

US5000.35%
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