The Non-farm Payrolls Report is due out this morning at 8:30 am ET. Let's see what has happened on the day of this report.
Key Event: Non-farm Payrolls 8:30 am ET
Event 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 - Flat (unknown)
Market Status - Bullish, Non Farm Payrolls Report today
Instrument - ES, NQ, RTY, YM
Trading SetUp - Long
Market Trend - Bull
Trade Type - Intraday Entry
Entry - 9:30 am ET (Market Open)
Exit - 4:15 pm ET (Market Close)
Note: Most tests/studies here 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. The Daily IQ is typically an End of Day analysis without stops/targets. You can use Discover to test/study other potential trades with numerous stop/target values. You can make comments below.
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