S&P500 Trade Idea – Volatile Session Ahead As Volatility Shrinks Ahead Of NFP
The S&P 500 has been trading in a 1% range between 1890 and 1910 for the last couple of days(barring a spike or two) and the Non Farm Payrolls Report Due in a few minutes may provide the stimulus to break out of this range.
A Break of the 1890 or 1920 levels may see a quick continuation move. Trade Idea – Buy on a break above 1918.00 with 1944 as the target and 1908 as the Stop. Sell on a break of the 1890.00 level with 1860 as the target and 1908 as the Stop