My SPY P&F Chart Set-Up Looks Increasingly Vulnerable Heading into Friday's Jobs Report

My Point & Figure Sell Signal remains viable today.

Yesterday, SPY pressed to a new reaction low print at 204.50, as the price structure digs deeper into the prior support zone from 206 to 203.50.

A 203.00 print will trigger a more significant sell signal.

At this juncture, only a climb that prints 206.00 will create a new up-column of Blue X's. A print of 208.50 is needed to invalidate the sell signal altogether.