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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