NFP - price to reach 14400.00 as net 407K jobs created in feb
The labor department is expected to show that the us economy has created 407K+ jobs in FEBRUARY and that unemployment rate has fell to 3.9% from 4.0% of the prev month.
With such gains recorded its safe to say the us economy might see a slight relieve , on nas100 price is currently reacting to daily demand of proximal price @ 12914.80 and price trading above recently broken bearish trendline indicating bullish momentum in the market. I have longs ahead of the NFP report with targets at daily imbalance @ 14443.50 and stops @ 13745.45 giving me a risk, reward of 1:3 per position.
BUY THE GOOD NEWS, SELL THE BAD NEWS
"You must expect great things of yourself before you can do them." --Michael Jordan
With such gains recorded its safe to say the us economy might see a slight relieve , on nas100 price is currently reacting to daily demand of proximal price @ 12914.80 and price trading above recently broken bearish trendline indicating bullish momentum in the market. I have longs ahead of the NFP report with targets at daily imbalance @ 14443.50 and stops @ 13745.45 giving me a risk, reward of 1:3 per position.
BUY THE GOOD NEWS, SELL THE BAD NEWS
"You must expect great things of yourself before you can do them." --Michael Jordan