Stocks Rally as Waller Eases Rate-Hike Fears Ahead of NFPUS SPX 500OANDA:SPX500USDSroshMayi Global equities advanced while Treasury yields and the dollar eased after Fed Governor Christopher Waller cooled expectations for a September rate hike. Markets now turn to today’s U.S. payrolls report, with economists expecting 56,000 new jobs after the previous 23,000 decline, while unemployment is forecast to remain at 4.1%. A weaker report could reinforce expectations that the Fed will remain on hold, while stronger employment data could bring September rate-hike risk back into focus. Technically As long as the price remains above 7742, bullish continuation remains favored toward 7777. A confirmed breakout and stability above 7777 would strengthen the bullish trend further and support continuation toward 7813. On the downside, a corrective move remains possible, but stronger bearish momentum would require a confirmed 4H candle close below 7742. This would weaken the current bullish structure and support a correction toward 7701. A further break below 7701 could bring 7649 back into focus. With today's U.S. jobs report approaching, volatility could increase significantly as the data reshapes Fed rate expectations and Treasury yields. Pivot Line: 7742 Support: 7701 – 7649 Resistance: 7777 – 7813