Market analysis for June 7th, 2024

Welcome back to Friday! We had a picture perfect day yesterday. It's rare but everyone once in a while everything clicks at the same time. A: We got all seven of our possible 0DTE's working. B: They all hit for a profit. C: They all went out at max. gains. In addition to our 0DTE's we had an above avg. result with our scalping.

​Sentiment
A global equity rally faltered ahead of key US jobs data, which could cement bets on when the Federal Reserve will begin to ease monetary policy.
While traders were wary of placing large bets this morning, global stocks are poised to end a two-week losing streak.
Rate-cut expectations have risen in the last week, boosted by a slew of weaker-than-expected US data, as well as easing by the Bank of Canada and the European Central Bank.

Docket
08:30 ET
US Employment Situation for May
Nonfarm Payrolls – Median Forecast: 185k | Prior: 175k | Range: 258k / 120k
Unemployment Rate – Median Forecast: 3.9% | Prior: 3.9% | Range: 4% / 3.8%
Average Earning YoY – Median Forecast: 3.9% | Prior: 3.9% | Range: 4% / 3.8%

Trade docket for today: 0DTE's, Scalping, , DOCU.

My software is down this morning so no chart action to share. This will be short and sweet. Our goal today is to de-risk and get capital back for next Monday.
I hope you all have a good weekend.