We expect ES to trend upwards later today. Based on these past United States Michigan Consumer Sentiment Prel news events there is a 66.67% chance of this. We expect this to happen if the released value is > 65. A price movement of 2000 pips is expected.
Historical events that allowed us to draw this conclusion
13 Jan 15:00 |
09 Dec 15:00 |
12 Aug 14:00 |
15 Jul 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
