Beat the Markets on Non-Farm Friday

Beat the Markets on Non-Farm Friday

Oh boy – Non-Farm Payrolls is tomorrow morning, one of my favorite trading days of the month!

Bulls took control of momentum going into the close today, which means I’ll be looking for buying opportunities at key support levels tomorrow morning…

But the big question is – when will we get the pullback?  How strong will it be?  What if the pullback never comes?

Not to worry, with news around the corner, I’ll make sure you’re ready for ANYTHING the market throws at us on Friday.  Are you ready?



E-Mini S&P (ES):

E-Mini Keys to Success:

  • Buyers and sellers both took turns trading back into the range this morning, but something sparked a late-session rally with helped the buyers finish with firm control going into Non-Farm Payrolls on Friday.
  • Buyers will be looking for pullback entries around the low of the channel or trap entries if price keeps grinding higher.

Best Trades for Tomorrow: 

  • [UP] – 2-try trap to buy
  • [DOWN] – seller failure to buy (or) 123-Reversal to sell
  • [SIDEWAYS] – sit on hands, look to buy below the range with seller failures.

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

  • We spent most of the day rotating back and forth around the overnight trading-range, but something got the buyers interested and we finished with a strong spike higher. 
  • Sellers will be looking for sell setups going back into the range, but they’ll need to stay patient because buyers will be looking for pullback entries ahead of a rally going back to where the week began.

Best Trades for Tomorrow:

  • [UP] – 2-try trap to buy, 123-breakout to buy
  • [DOWN] – buyer failure to sell (or) seller failure to buy

Gold Futures (GC):

Gold Keys to Success:

  • Bulls controlled the entire session, ending with a Spike & Range going into the close.
  • Buyers will be looking for ways to buy pullbacks off these highs, especially around the low of the hidden channel
  • Sellers have no momentum

Best Trades for Tomorrow:

  • [UP] – 123-breakout to buy
  • [DOWN] – seller failure to buy (or) 123-Reversal to sell
  • [SIDEWAYS] – avoid the middle of the range, wait to buy below the lows.


    schooloftrade

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