Bullish Reaction To Jobless Data

This headline news on Jobless Claims is GOOD... and so far the stock indices (algos) are reacting as such, which if nothing else, provides Powell and Company with a respite from the post-Jobs Report pundit and market pressure to cut rates much sooner than later (inter-meeting before the September FOMC meeting).

That said, ES has ripped higher from 5230 to 5276 in reaction to the data, heading toward key nearest resistance lodged between 5290 to 5310, which if taken out, will project to 5320/40-- the upper boundary of my preferred ES range... Last is 5270.50...