Recap & 1/6 plan for NFP
Futs continues to trade in same range. Will we break tomorrow with 830 am NFP?
Recap
Gave globex setup yesterday night to short against 3880. I could not take that early in morning but it generated good points if any one took it. Short against 3880 continues to work like charm and its 13th day and futs are range bound between 3820 to 3880 mostly with few spikes up and few spikes down. This short setup was given on Tuesday on public twitter as well.
Shorted 3865 at 8:15 am on ADP which generated 30 points down move. At RTH open shorted against 3852 which gave multiple opportunities through out the RTH session to keep giving points with lows in 26’s
Plan
Will see reaction to NFP at 8:30 am. Though I may still take long and short both trades as opportunity develops. I remain bearish below <3900, specifically we have tested 3820 area so many times, chances of it breaking increases significantly after each test so will be watching for that as well. Will keep an eye on 3880 and 3812 specifically.
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