ES Range Expectations on the Non-Farm Payrolls Release

Sep 6

Today we're again looking at ES e-mini futures for an expectation of the amount of range we could do on this NFP data release. We take a look at both the upside and downside to get a view on where the boundaries of normality would be to aid us in framing intraday trades

Sep 6

Note

Update shortly after the US open (just over an hour after the NFP release)... directional move up of about 40pts on the NFP release that extended to 53pts about 5mins after the US open so our range expectations were pretty inline.

Sep 6

Note

Update 90mins into US session... having reached the range high expectations earlier the market stalled then turned at our 5530-ish 50pt upside target then ran in an almost straight line right through to our 50pt downside around 5430 (so a 100pt swing).

So both sides of our range reached within 2.5hrs of Non-Farm today.