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There is a 85.71% chance of NQ trending downwards

We expect NQ to trend downwards later today. Based on these past United States Retail Sales MoM news events there is a 85.71% chance of this. We expect this to happen if the released value is > 0.4%. A price movement of 5525 pips is expected.

Historical events that allowed us to draw this conclusion

14 Dec 13:30
15 Nov 13:30
17 Oct 12:30
14 Sep 12:30
15 Aug 12:30
15 Feb 13:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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