Good morning
Its non farm payrolls today and this news item will be released at 1.30pm. I have attached the strategy for profiting from this.
In reference to yesterday's analysis we can see we had the 4th wave down finding support at 5950 and we are now in the 5th up. Target 6035-55.
If the index holds over 6000 today I would not recommend shorting above this level. I will be looking for a new high followed by a close below 6000 to confirm wave 2 down is underway.
A fresh negative signal is presented on an established break of 5956.
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