Unemployment News and Range Bound – ES NQ Futures Premarket Trade Plan – The Pit Futures Trading

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ES and NQ have found range and look like they want the next leg up. NQ and RTY still need to break from range but ES has broken previous range and settled into a new range above. If NQ and RTY break out higher then ES looks to move higher and if NQ and RTY fail to break higher then ES could break back into previous range and take back the Powell presser. Either way it is Friday and this thing can move either way big. The hourly is super compressed on the Bollinger Bands and that usually leads to a big move.

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