Good Morning,
Non farm payroll data is loose, and the markets respond with an initial bullish reaction right out of the gate that is fading a bit. Sideways action with a slight bullish tilt to it through the week on now a 70ish point range.
7:30am CST high impact news today. ADP non farm payrolls, bullishly pushed price near 6300 where it has thus far failed before the bell.
VIX at mid 16’s while the ATR on a 10m is at 4.83 at the time of this writing. Risk and speed of the market are much lower than the April spike we saw, and nearing back to pre-tariff levels.
No break triggered yesterday, 0 target met for 0 points of fertile ground to look for expansion entries.
Lets look at this morning’s setup & plan:
Bias/Trend/Levels:
🟢Primary Trend : 1400 point move from April lows
🟢Secondary Trend : bullish from May 23 swing low
🟢🟡Intra-Day Trend (3-5 days): Bullish squeeze into new ATH, pushing deeper off HI news.