8/11/2011 Monthly ADP Non-Farm Employment Change (0215 HI time / 0815 EDT)
Previous Revision: -5K to 109k
Spike / retrace
Started @ 88.91
1st Peak @ 88.81 – 0216 (1 min)
Retrace to 89.07 – 0219 (4 min)
Notes: Report mildly fell short of forecast, and previous report revised slightly downward. With JOBB, you would have gotten in long at about 88.91 since the position of the market was 88.76 5 sec before the report broke. The reaction would have been tame going up 2-3 ticks, then back down to 10 ticks of heat. Then the 0217 candle spiked upward to just above the 50 SMA. I would close out on that spike with about 10 ticks of profit at about 89.01.