Non-Farm Payroll Market Impact Projections

Week of FEB 3, 2020
The Non-Farm Payroll expectations predict only a small marginal net improvement over January. Pre-February 7, 2020 are in the midst of a slight sideways consolidating period prior to a shift in the overall market trajectory.

S&P 500 E-MINI 

With the S&P 500 E-MINI awaiting volatility from pre Non-Farm Payroll expectations the S&P 500 E-MINI will experience market fluctuations leading into testing median range high resistance level 3293.25. If the S&P 500 E-MINI can maintain volatility it will move to retest the S&P 500 E-MINI range high. If the S&P 500 E-MINI is experiencing a market trajectory change then the S&P 500 E-MINI will move to retest slight resistance level 3260.75. Shown in Chart A.

Russell 2000 E-MINI 

The Russell 2000 E-MINI is currently moving to test a slight resistance level at 1658.5. If volatility pre Non-Farm Payroll can hold the Russell 2000 E-MINI will Proceed to test range highs.If market trajectory corrections are taken into account the Russell 2000 E-MINI will move to retest slight resistance level 1635.8. Shown in Chart B.

NASDAQ 100 E-MINI 

Currently approaching range highs the NASDAQ 100 E-MINI will either find higher highs or move to retest slight resistance level 8949.75 before moving to 8730.50. Shown in Chart C.

*Charts are created with TradingView, our partner in charting.
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Written by Nenad Jordanoski, Futures Trader and Technical Analyst.
Email: nj@thetrade.academy
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Risk Warning: Trading on the Financial Markets, Stock Exchange and all its asset derivatives is highly speculative and may not be suitable for all investors. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. Please remember that past performance may not be indicative of future results. Supplied information is not an advice .
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