With the NFP, we are likely to see a lot of volatility.
We are trying to profit from the expected movements with a long setup in the S&P500.
We are waiting for a return to the 5,470-point area first, as this is a prominent area in the volume profile that invites a long entry.
We also set our stop loss below a prominent point in the volume profile, which in turn is slightly below the 38.2% retracement of the recovery movement between the beginning of August and the beginning of September 2024.