We expect a $456001 movement on ES within 12 hours following the event release at 2023-03-21 14:00.

We expect a $456001 movement on ES within 12 hours following the release of Existing Home Sales at 2023-03-21 14:00. We expect ES to trend downwards 12 hours following the event release at 2023-03-21 14:00 if the released value is > 4.2M. A price movement of 11325 pips is expected.

Historical events that allowed us to draw this conclusion

18 Nov 15:00

20 Oct 14:00

21 Sep 14:00

21 Jun 14:00

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