The S&P 500 closed slightly lower on Thursday, retreating from a new all-time high. Nonfarm Payrolls came in lower than expected at +73,000. Investor sentiment improved with 40.3% bullish and 33.0% bearish. The Volatility Breakout System is now short, gaining 363.94 points on its long position. The S&P 500 futures contract is trading just above 6,300, facing resistance at 6,350 and support at 6,250–6,300. Crude oil dropped 1.06% to below $70, with uncertainty due to tariff-related developments. Chevron reported Q2 profit above expectations. The market outlook suggests caution as the S&P 500 opens lower today.

Read more at Investing.com: S&P 500: Is This a Major Reversal?