Bullish intention following not so good JOLTs numbers
After a very deep pullback price has shown some bullishness on the 1H. I will be looking for lower timeframe entry as usual and targeting the High of the range.
There is Services PMI data tomorrow which will give us more information on the state of the labor market for the US. Given the US has a large service sector this data will be very important.
Not making any predictions as to what the data will be for NFP on Friday but the JOLTs numbers might be a clue for what's to come.
The news coming out will be very volatile because the FED stated that they are now more concerned about the labor market so manage your risk accordingly
There is Services PMI data tomorrow which will give us more information on the state of the labor market for the US. Given the US has a large service sector this data will be very important.
Not making any predictions as to what the data will be for NFP on Friday but the JOLTs numbers might be a clue for what's to come.
The news coming out will be very volatile because the FED stated that they are now more concerned about the labor market so manage your risk accordingly
Note
Price has not continued bullish and has given a bearish choch. Since NFP is heavily anticipated I'm not going to look to trade until that data comes out. Most likely will stay out of the market till Monday or Tuesday.
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