After a few quiet days with no economic reports, my hopes were for a little volatility would be created by the PPI, Retail Sales, NY State Manufacturing, and Business Inventory reports this morning. Well the reports came in with mixed numbers which didn’t provide much guidance for the markets. The ES had dropped into the DTG 57 level pre-market to wait on the 8:30am EST reports. After an initial attempt to move down, a couple pre-market long opportunities unfolded. From there the ES slowly moved up all morning before finally creating the first order flow trade opportunity almost 4 hours into the cash session; a short from the DTG 64 level. The trade however didn’t create much follow through and was ended pre-maturely by a stronger reversal long trade opportunity.
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