Will the NonFarm Payrolls Report reverse or strengthen yesterday's sell off?

09/04/2020 09:00 AM By Matt Ratliff
The Nonfarm Payrolls report is out today on the heels of a selloff. Let's see what that has led to historically.

More Information about the report: 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.

Release time: 8:30 am ET

Day - Friday

Opening Gap Direction - Down (check at actual opening)

Market Status - Selling Pressure led to a Down Gap and Go yesterday

Instrument - ES, RTY, NQ, YM

Trading SetUp - Intraday Entry

Market Trend - Still in a Bullish Overall Trend but with a stumble yesterday

Trade Type - Long

Entry - 9:30 am (Market Open)

Exit - 4:15 pm ET (Market Close)

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