6 Best Momentum Trades for Non-Farm Payrolls

Tomorrow’s the day — Non-Farm Friday!

We’ve been waiting all week for tomorrow’s NFP Report, and if it’s anything like last month’s report, we should have quite the busy Friday morning…

Momentum is the key to success going into tomorrow morning…

Momentum just turned back for the bears on the Emini and Nasdaq, setting-up for some beautiful traps and failures off a new major channel…

There’s ZERO momentum on Gold right now — so we’re gonna “fade the breakouts” at some obvious support and resistance levels above and below us…

If you’re not excited about NFP-Friday, you need to watch tonight’s video…

E-Mini S&P (ES):

E-Mini Keys to Success:

• Bulls took price three legs higher into a narrow trading-range before sellers took control with a strong reversal going lower.
• Sellers will be looking for shorts off this new channel high, traps above prior swings, or traps if price keeps grinding lower.  Target is last Friday’s close.
• Bulls need to wait for a change in momentum, or signs of exhaustion from the sellers.

Best Trades for Tomorrow: 

• UP – sell the buyer failure & 2-try trap
• DOWN – sell the 2-try trap going lower

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

• Bulls took price higher with a triple measured-move before sellers took back control with a strong 123-Reversal off the highs. 
• Sellers will be looking for shorts off channel highs as they try to complete a pendulum-swing target just below us (and likely back to Friday’s close).
• Buyers should stay patient for a change in momentum with a 123-Reversal before they commit because this bearish momentum is very strong.

Best Trades for Tomorrow: 

• UP – sell the buyer failure (or) buy the 123-Reversal
• DOWN – sell the 2-try trap & sell the 123-breakout

Gold Futures (GC):

Gold Keys to Success:

• We’re still trading inside the weekly range ahead of tomorrow’s Non-Farm Payroll report, which means the range will act like a price-magnet until we get a breakout.
• The best strategy is to “trade the edges” of the range with breakout failures.
• Buyers will look for sellers to fail at support levels below the range and buy it back up into the range again.
• Sellers will wait for a bull breakout and sell back into the range when those buyers fail.

Best Trades for Tomorrow: 

• UP – sell the buyer failure (or) buy the bull breakout
• DOWN – Buy the seller failure (or) sell the 2-Try breakout
• SIDEWAYS – sit on hands to avoid the middle, wait for a breakout