ES Journal - 2023/2024

So, any thoughts on NFP today?

Every NFP so far this year rallied into RTH - and a few saw continuation for the entire RTH session. NFP in June tends to rally, too.

My prediction earlier this week was a rally into NFP, but I'm less certain about today. If the market likes the number coming out, I figure we can hit 5400 today.

Always the chance it can sell of decently, too.
 
So, any thoughts on NFP today?

Every NFP so far this year rallied into RTH - and a few saw continuation for the entire RTH session. NFP in June tends to rally, too.

My prediction earlier this week was a rally into NFP, but I'm less certain about today. If the market likes the number coming out, I figure we can hit 5400 today.

Always the chance it can sell of decently, too.

The gold reaction might be a tell.

After starting off strong, it dropped down through a few areas of support in quite a short amount of time. I don't know whether this is a manipulation to buy back at a discount or whether its people getting the news early.
 
The gold reaction might be a tell.

After starting off strong, it dropped down through a few areas of support in quite a short amount of time. I don't know whether this is a manipulation to buy back at a discount or whether its people getting the news early.

I don't follow such correlations, so I wouldn't know how to interpret it. Weak gold = strong dollar = weakness in equities?

If somebody got the news early, that might be reflected in equity prices, too, no?
 
I don't follow such correlations, so I wouldn't know how to interpret it. Weak gold = strong dollar = weakness in equities?

If somebody got the news early, that might be reflected in equity prices, too, no?

Yeah agreed, I guess the other futures would have sold off too. I have no idea really.
 
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