Apr 032013
 

trade_130403

Asia and Europe are waiting on potential monetary policy changes tonight (Japan) or tomorrow (ECB and UK).  The Globex session had a narrow range before the 8:15am EDT ADP report which missed rather handily.  However, the ES didn’t respond and waited on the cash open.  Sellers came in strong after the cash open and a nice short opportunity quickly unfolded as price could not move higher.  

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