The highly anticipated non-farm payroll data tonight

According to analysis from Citigroup, the non-farm payroll data for October is expected to slow significantly, which would be a major negative signal! So, is the recent drop a pre-release of bad news, or will the waterfall continue tonight?

From a trading perspective, after 73660, there has been a clear trend of correction, so we should go with the trend. Regardless of the final outcome of the non-farm data, our strategy is to short on rallies, focusing on the first resistance level of 70800-71500 and the second resistance level of 72000-72600 as two short entry positions.