The Nonfarm Payrolls report is today, let's see what has happened when the report follows a close at the high of the week.
Event: Nonfarm Payrolls (8:30 am ET)
Additional Details: Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity.
Day - Friday
Opening Gap Direction - Down
Market Status - a busy week of election news and industry reports
Instrument - ES, NQ, RTY, YM
Trading SetUp - Long
Market Trend - Weak Bull
Trade Type - Intraday Entry
Entry - 9:30 am ET (Market Open)
Exit - 4:15 pm ET (Market Close)
Note: Most tests/studies are done going long using Future Indices. This is done for several reasons; so you can easily compare different studies/tests, and because of the high correlation of these Indices to other instruments. Make your comments and ask your questions below.
Click the "Sign Up" button below to receive the DailyiQ messages in your email inbox immediately as they are released.
Click below to share with your friends or colleagues
