ES - 1 Hour / Macro Data applies to ES YM NQ RTY
Walk don't run this morning:
Today's Price action will be determined @ 8:30 AM EST.
Indicies are wedged against the 50% retracement levels
for this number as is Crude Oil.
535K for Non-Farm Unemployment Change - Over/Under
will be perceived to set the "Good News / Bad News Trade"
Worse than expected retracement - Better, lower still.
150 ES handle SellOff - healthy drop
We need to see Price Retrace as 1/5 may have competed in
the Structure.
A larger move Down is ahead after 2/5 completes.
Friday's lack the participation behind lower Liquidity Days,
depending on the Employment news, they may well use it
for further RT HIgher.
Everything is Wedging... Dangerous IF you are guessing 100% CASH here.
Trade the Break - everything is in the Desert doing a great
deal of nothing.
___________________________________________________
8:30 AM EST sets the trade for today.
We will decide where this Retracement may lead after Friday's
Close.
Today's Price action will be determined @ 8:30 AM EST.
Indicies are wedged against the 50% retracement levels
for this number as is Crude Oil.
535K for Non-Farm Unemployment Change - Over/Under
will be perceived to set the "Good News / Bad News Trade"
Worse than expected retracement - Better, lower still.
150 ES handle SellOff - healthy drop
We need to see Price Retrace as 1/5 may have competed in
the Structure.
A larger move Down is ahead after 2/5 completes.
Friday's lack the participation behind lower Liquidity Days,
depending on the Employment news, they may well use it
for further RT HIgher.
Everything is Wedging... Dangerous IF you are guessing 100% CASH here.
Trade the Break - everything is in the Desert doing a great
deal of nothing.
___________________________________________________
8:30 AM EST sets the trade for today.
We will decide where this Retracement may lead after Friday's
Close.