NFP Jobs Day

Outlook: Markets are mostly lower after U.S. jobs data for September, which shows that U.S. payrolls fall during hurricane-impacted month: Sep NFP: -33K vs. consensus +90K, +169K previous; Unemployment rate: 4.2% vs. 4.4% consensus, 4.4% previous.

/ES Value: YVAH 2550 YPOC 2549 YVAL 2542

/ES Plan (after NFP): Yesterday, market printed new record high, leaving bullish imbalance (PBT 2562). Overnight inventory is bearish, moving within Yesterday's value. NFP data is a news-driven event so NFP SoC (2547) comes into play, so we've 2 options:

A) If market moves below NFP SoC 2547 with volume falling, try to be a seller leaning on 2545 towards LVN 2538.50 and gap 2536.

B) If market remains above NFP SoC 2547 with volume rising, try to be a buyer leaning on 2548 towards OTF 2551 and PBT 2562.

Link for Updates (Check it during RTH)

Tips: On the bigger picture, composite profile shows an excess high so buyers need to add volume, seeking value at any acceptance area, on this new auction range. Otherwise, sellers could start a liquidation break into previous range. Be carefull, It's Friday NFP Job day and usually it's not the best day to take the highest risk.

Today's Economic Calendar

10:00 AM Wholesale Trade
11:45 AM Fed's Rosengren
12:15 PM Fed's Dudley
12:45 PM Fed's Kaplan
01:00 PM Fed's Bullard
01:00 PM Baker-Hughes
03:00 PM Consumer Credit

Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.

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