Market Outlook 05/07/2021
Welcome to NFP Day. Markets rallied sharply into close likely due to due covering before NFP data on Friday morning. /ES is back within 1% of all-time-highs as /NQ wrestles to get to the lower balance zone at 13700.
Weekly charts in focus as /ES tries for all-time-highs, /NQ bounces from 10-week MA and /RTY continues chop around 10-week MA. /ES continues…