Jan 072013


It was one of those days…  No economic reports and not enough attention to the US budget negotiations to garner enough interest by the markets to create volatility.  As I wrote in chat pre-market, I expected today to be low volatility, but I didn’t really expect only a 7pt ES range.  There was only one order flow opportunity today and it wasn’t exactly a great opportunity.  The trade actually lasted a couple of hours before the institutional sellers had enough and started moving the markets back down to test the day’s lows.  The annotated chart below explains the trade.

Below is member only content. Not a member?  Subscribe and join the discussion!.

Click here to become a member

Sorry, the comment form is closed at this time.