Jul 262012

Great price action this morning fueled by an ECB statement that they will do what’s needed to help the euro.  This changed trader expectations to that of additional stimulus and quickly turned the pre-market from a down to an up trend.  By the time the US cash session started, the ES was up 36 points.  Shortly after the open, the ES pushed higher into the DTG 56 level.  Volatility was high, setting up several short trade opportunities.

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