Mid-Week Update

NFP Volatility?

Good evening!

What an exciting month-end this has been. We not only sustained our key areas of 5458-5466-5488, we also managed to hit our weekly ranges. This means we’ve met the conditions of 5620-5640’s! So, what does that leave us with for the remainder of the week and also a new month? Considering we’re now back in the ‘nesting box’, specifically for April 29th-30th, this really can help our odds in negating some short term volatility from now until May 5th-9th and potentially entirely negate massive bear-like structures for May 21st-28th-June 3rd. There is a lot of risk at stake and the turn-around from April 22nd-30th really worked quite well. But is the market ready for the full leg back up to retest those annual ranges of 5838-5848 or not quite?