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(1) 9:35AM - 10:15AM NY Opening Hour Move
Market develops its trend or bias for the day
This move is important as a reference to what is going to happen later in a day
(2) 10:00AM - 10:45AM Morning Move
Expect a counter-trend move to the NY Opening Hour Move in the first 45 to 60 minutes the move failed -- undesired move
(3) 10:45AM - 11:45AM Delayed Morning Move Expect a counter-trend move of the NY Opening Hour Move if there was no move (or undesired move) from 10:00am to just before 10:45am
(4) 12:45PM - 2:00PM Post-Lunch Move
Expect a resumption of the NY Opening Hour Move trend (or upward or downward bias) the move failed -- undesired move
(5) 2:00PM - 3:00PM Afternoon Move Expect a resumption of the day’s trend if there was no move (or undesired move) from 1:00pm to just before 2:00pm
(6) 3:00PM - 3:30PM Delayed Afternoon Move
– the 2:00pm move will help dictate what may happen at 3:00pm, Expect a counter-trend move of the NY Opening Hour Move trend
key news for today
08:30 Non-Farm Employment Change
--be careful don't get fleeced
from Bloomberg:
- The European Union’s 19th crisis summit was winding down when European Central Bank President Mario Draghi made an unusual request.
He wanted some alone time with EU President Herman Van Rompuy to
thank him for charting the path toward a shock-proof euro zone.
- Claims for unemployment benefits fell to the lowest level in a month and
American companies added more workers than forecast, easing concern
the labor market may be stagnating.