Here is a 60 minute bar chart of e-mini day session trading. As you can see the market has been trading sideways for nearly three weeks. Its trading ranges during that time (blue dashed ovals) have shown no real trend. After Friday's employment number was released the e-minis rallied nearly 20 points and then two hours later had dropped 25 points. In my experience such a bearish u-turn in response to good news normally implies that the market's' trend has turned downward.
As in all matters of market action interpretation it is vitally important to compare what actually happens to what normally happens. It is in this comparison that the most valuable information about the supply-demand balance will be found. In the present case it would have been normal for the e-minis to close Friday in the lower part of their range and to continue lower from today's open. But this is not what happened. Instead the market closed Friday above the midpoint of its Friday range (1107) and today has spent a good part of the day session trading above that level (purple dotted line). This fact, coupled with the evident pattern of higher lows since November 27 makes me think that the e-minis are about to rally to the top of the trend channel I have drawn on this chart.