How to trade the SP500 with the release of the NFP report
Sp500 is going to be hyper volatile in the premarket trading session and can typically move 1.5-2 standard deviations from average daily ranges as the NFP report is expected to be release at 8:30am EST. Despite the late day rally due to the positive Amazon earnings result, the future markets has pulled back in the European trading session and have created a new intra low just before the release of NFP. Levels to the downside on sp500 can be found at the intraday low, 4438 and 4400 while levels to the upside 4490, 4530 and 4590.
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