Non-Farm Payroll report and Futures Market response

08/07/2020 09:08 AM By Brian Casto
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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