Dow Jones February NFP Going In Bearish

6 февр.

Thursday 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

6 февр.

Заметка

I am ultimately looking for the low to get taken for a little bullishness. The daily chart's support is down near that low.