πΊπΈ Econ data just dropped (Jun 25):
GDP Q/Q: 2.1% (est. 1.6%) β
Jobless Claims: 215K (est. 225K) β
Core PCE M/M: 0.3% (in line)
Economy stronger than expected. Labor still tight. Inflation holding.
Fed has zero reason to cut anytime soon.
Just as I suspected β sell side liquidity swept from Thursday's low from last week on NQ. Exactly the levels I had mapped. Full breakdown in the Discord π
NFP just dropped β 172K jobs added in May
Unemployment holds at 4.3%. Market was expecting stronger numbers. Watch NQ closely β already down 1.31% pre-market. This gives the Fed less reason to cut rates aggressively. Key levels I'm watching today π
Data High & Sell/Buy Liquidty
Just as I suspected, the daily volume imbalance was trJust as I suspected β the daily volume imbalance was traded into on ES. Yesterday's low taken out, sell side liquidity swept from Thursday last week. Exactly the levels I had mapped. Full breakdown in the Discord π
If we continue lower, I suspect that we could take out yesterday's low on ES and possibly sell side liquidity from last Thursday , which is in the Daily Volume Imbalance.
If we continue lower, I suspect that we could take out yesterday's low on ES and possibly sell side liquidity from last Thursday , which is in the Daily Volume Imbalance.
Total nonfarm payroll employment increased by 172,000 in May, and the unemployment rate was unchanged at 4.3 percent, the U.S. Bureau of Labor Statistics reported today.
If we continue lower, I suspect that we could take out yesterday's low on ES and possibly sell side liquidity from last Thursday , which is in the Daily Volume Imbalance.
If we continue lower, I suspect that we could take out yesterday's low on ES and possibly sell side liquidity from last Thursday , which is in the Daily Volume Imbalance.
If we continue lower, I suspect that we could take out yesterday's low on ES and possibly sell side liquidity from last Thursday , which is in the Daily Volume Imbalance.
If we continue lower, I suspect that we could take out yesterday's low on ES and possibly sell side liquidity from last Thursday , which is in the Daily Volume Imbalance.