Pre-NFP Setups, Paths & General Ideas

Happy Friday traders. Non-farm payrolls are due at 8:30 EST.

The survey shows that we are expecting a figure of around 423k on the top line delta.

Markets have been meandering around below the 200 day moving average for what seems like every single day now. In the broad scope of things, this is pure chop and distribution/absorption before a larger trend m…