Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect ES to trend upwards. Based on these past events there is a 66.67% chance of this. We expect ES to trend upwards for 2 hours because the released value is > 60.5. A price movement of 2,025 pips is expected.
Historical events that allowed us to draw this conclusion
03 Jun 14:00 |
05 Apr 14:00 |
07 Jan 15:00 |
05 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
