Are you watching the Non Farm Payrolls Report today?

01/08/2021 08:57 AM By Matt Ratliff
The market pushed to new highs ahead of today's Non-farm Payrolls report, here is what has happened historically with this pattern.

Day - Friday

Opening Gap Direction - Up

Market Status - Yesterday reached new high is some markets

Instrument - ES, RTY, NQ, YM

Trading SetUp - Long

Market Trend - Bull

Trade Type - Time Based 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. 

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