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Bearish Report on ES for 7/21?
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Bearish Report on ES for 7/21?

  #1 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
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Bearish Report on ES for 7/21?

The weekly Initial Unemployment claims report, which comes out Thursday mornings at 8:30am ET has been following the same weekly changes as last year.

If that continues, the report on 7/21 should be a higher amount of Initial Claims and be bearish for the markets, especially ES.

Of course this is not set in stone and is just reflection of a past trend. So use this info with caution.

We'll see if the trend continues.

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  #3 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,731 since Jul 2011
Thanks: 794 given, 4,779 received


The unemployment number was higher. But the ES was down for only a few seconds before resuming its march higher. Oh well.

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