Unemployment Friday
Comment by Charles (geard towards Bonds)
The market may have experienced a reversal today. The market did trade higher off the early news and got close to 118-04, a number that ahs controlled the Bond for a long time. 117-30 capped the rally and then the market began to trade sideways in anticipation of tomorrow’s NFP number. The ES got stronger and stronger and stronger and did breakout to a new high on its rally from 1309.50. The ES closed strong. So something will give on tomorrow’s news. Know the news and you have the trade.
From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance for 2May:
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