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We expect ES to trend upwards today with a 75% chance.

We expect a $256897 movement on ES within 48 hours following the release of Consumer Confidence at 2023-02-02 08:00. We expect ES to trend upwards 48 hours following the event release at 2023-02-02 08:00 if the released value is > -36. A price movement of 6200 pips is expected.

Historical events that allowed us to draw this conclusion

03 Aug 07:00
04 Feb 08:00
04 Aug 05:45

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

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