I came into this morning session fully expecting similar volatility to yesterday (i.e. light volume and low volatility). The published DTG 54 level today was wide; 5 points wide. Yesterday’s entire range was only 7 points. So the DTG 54 level was a bidirectional area where price could find resistance moving up or later support moving down. Yesterday’s close and the pivot were both at 55.75 which provided a nice line-in-the-sand price to key off of. The ES tested 55.75 shortly after the cash open. The retest setup today’s example trade.
|Below is member only content. Not a member? Subscribe and join the discussion!.|
Click here to become a member