Today is the Non-farm Payrolls report, and right now it is not clear how we will open. Let's prepare our day by exploring both a Gap Up and a Gap Down. Watch the video and examine the details below.
Day - Friday
Opening Gap Direction - Gap Down
Market Status - Expected Gap Down, Above both the 10 Day Moving Average
and the 200 Day Moving Average
Instrument - ES, RTY, NQ, YM
Trading SetUp - Long Intraday Entry and Exit
Market Trend - New highs continue
Trade Type - Long
Entry - 9:30 am ET (Market Open)
Exit - 4:15 pm ET (Market Close)
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