Non-Farm Payroll October 3, 2014
Binary Options Strategy | Oct 03, 2014 05:14AM ET
With Friday be nonfarm payroll day, we believe that the markets will focus solely on this particular announcement. However, there are a couple charts that we are paying attention to the moment.
The S&P 500 has broken down rather significantly, and it now looks as if every time this market rallies we could get a put buying opportunity as the market looks destined to head the 1900. This of course could change rapidly though if the nonfarm payroll number comes out stronger than anticipated, with the expected number to be 213,000 for the month of September. If that’s the case, we could of short-term call buying opportunities as we head back towards the 1940 level given enough time.
The EUR/USD pair tried to rally during the course of the day on Thursday, but yet again failed it at the top of a rally. The 1.27 level offered enough resistance to turn the market back around and form a shooting star. Because of that, we continue to buy puts every time this market rallies. I believe that going higher, the 1.28 level is also massively resistive.
The silver markets will continue to act like the EUR/USD pair, as every time we rally it will be an opportunity to continue to sell this market. It’s all the way down to the $15 level first, and then possibly as low as the $12 level in this particular market.
The FTSE has broken down significantly during the session on Thursday, slicing through the 6500 level like it wasn’t even there. With that, the market should continue to offer put buying opportunities every time it rallies, with 6400 being the next target, and if we break below there it could get ugly rather rapidly in this particular market as a completely comes undone.
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