When this wave of normal small-scale overbought correction occurs, the spot premium has significantly decreased...
Currently, it still falls within the normal range, but I will continue to observe the daytime fluctuations. If the premium continues to drop uncontrollably and the decline breaks below the low point of the left-side premium correction...
Then it would indicate that spot funds are offloading again, and tonight's non-farm payroll data may not necessarily be bullish...
Aside from that, the current thinking is still leaning towards bullish.