In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, we observe bullish Indices after a surprising NFP.
On Friday, we saw an unexpected 2.5 million jobs added to the US economy with a loss of 7.5 million jobs expected. This is clearly a very positive number bearing in mind the coronavirus impact and ongoing rioting in the US. The resilience is very impressive, so bearing in mind that we have every positive fundamental, sentiment and technicals in these markets, it is no surprise that we are planning for continuation in these markets.
Beginning with the S&P 500, we will be looking for continuation to the upside above yesterday’s high of 3233. The same level in the FTSE is a buy trade above 6520. Finally, in the EU50 market, we are looking for prices to break yesterday’s high of 3400.
Bullish Indices After a Surprising NFP – Full Video Analysis
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