4 Trades You Can’t Miss on Non-Farm Payroll Friday
Tomorrow’s the day! Are you ready?
Everything is bullish into ahead of tomorrow’s Non-Farm Payrolls report…
Emini is bullish, and I’d love to buy a 2-legged pullback off this key support level…
Nasdaq is bullish, and I have (2) breakout patterns on my radar…
Crude Oil is bullish, but I can’t help but notice this “slingshot reversal” setting-up on the chart…
Plenty of opportunity for us on Friday, but the question is – are you watching the right setups? Let me show you my favorites…
E-Mini S&P (ES):
E-Mini Keys to Success:
The Emini is bullish into a trading-range this evening, which means buyers will be looking for entries at support levels below the range, or breakouts going higher on strength.
Sellers need to be careful right now until momentum changes – a strong, 123-Reversal going lower would be needed to give them the confidence to short back to the lows.
E-Mini Nasdaq (NQ):
Nasdaq Keys to Success:
Nasdaq is bullish, finishing the day inside a range – with bulls holding the high of today’s range, we know that buyers will be looking for breakouts going higher, or opportunities to buy the dip around the lows of this hidden channel.
Sellers have a tough job right now – not only is momentum quite bullish, but a 123-Reversal pattern only takes price back to the lows of the major range, which isn’t a great place to sell. Bears need to wait for a break down that HOLDS before they can get short with confidence.
Crude Oil Futures (CL):
Crude Oil Keys to Success:
Crude Oil is also bullish into a range this evening and it appears the buyers are trying a breakout through the highs.
Bulls have control, so buyers can look for breakout patterns going higher, or seller failure entries off support levels below the range tomorrow morning.
Sellers do have an opportunity to take control of this market if price “slingshots” through the low of the range. If it does, sellers can look for shorts off the “first test” of the new channel below we retest today’s low.
