Dow Jones February NFP Going In BearishThursday on the Daily chart flashed a sell signal for a rejection off of 45,000. I am going in Friday with a bearish bias. Of course, I have no idea what will happen and could always be wrong. To me, this makes the most sense. A sell off to close the gap.
From 45,000 down to 44,300 is a 700 tick move, not unreasonable for a NFP day.
Notable profit targets:
Thursday's Low: 44,658
Weekly Open: 44,570
Wednesday's Low: 44,463
Tuesday's Double Bottom Low: 44,350
Monday's Unmitigated Wick: 44,310