S&P 500 emini futures day trading coach

Market reaction to the 8:30 jobs report was rapid. The high for the day of 1062.00 printed in the first 5 minute bar, then a sell off began. By 10:45, most of the day’s move had happened. A descending 3-4 point deep trading channel developed over the next 3 hours and dropped the index another 2.25 points to the day’s low of 1041.00.