5 Ways to Trade Non-Farm Payrolls | SchoolOfTrade Newsletter 03/09/17
Crude Oil is bearish and trying to finish rotation back up to the $50 round number, and a spike & channel is telling us exactly where to be looking for trading opportunities tomorrow. S&P is bullish and trying to re-test yesterday’s high, but one small channel on the chart tells us to wait for a pullback, and one BIG clue from earlier this week reminds us not to chase the market higher. Gold is bearish, but we have four (4) reasons to wait for a bullish correction before selling more tomorrow. Euro looks bullish at first glance, but three (3) clues on the chart tell us we’re most likely due for a move back to the lows tomorrow. FDAX is bearish and trying to re-test the low of the range, but we have two important levels of support standing in the way tomorrow.
