The market gut reaction to the job reports are most always impossible to forecast, but we know that dramatic swings happen. From my perspective, it is all about the emotional herd and has very little to do with logic and reason. If the expert economist gets surprised by a reporter how would the average person forecast how the markets will react.
Right now the DJIA looks like it has completed the same pattern as the crude oil crash just it is much smaller in scale. So if this was part of an "ABC" crash, then technically we should see a 100% retracement in the next week or so. This has been one ugly rally, pattern wise, and when I say that you can just about always assume, it is a bearish rally.
The bad part about it is that diagonals 5th waves can start up exactly the same, so we are stuck between a rock and a hard place. I always look for a potential "ABC" crash which swings to a bullish trend or an inverted "ABC" rally which will swing to a bearish trend. This is all very specific to the degrees, as one degree ends and a new degree starts.