Germany and France released economic data that indicated a quarterly slow down in their respective economies. This pushed stock prices lower over night. In the US, we had the jobless claims number pre-market. The number beat expectations, but the futures didn’t quite know how to react to the news; selling off to 09.75 before bouncing about 6 points and then start moving lower again into the cash open. After the cash open, the ES started moving towards the Globex low, but buyers came out and force which setup today’s example long trade opportunity.
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