May 142013
Another quick day courtesy of some bullish hyping on CNBC this morning where the ES moved up 7 points in 5 minutes. Monday’s close was 1630.75 and I posted in chat at 8:39am EDT “The YC=30.75 could be a good area for a long continuation pullback”. A nice order flow opportunity unfolded during the first 10 minutes after the cash open. We’ve got a breakout of a 4 day consolidation and price is still moving up as I’m writing this. This could turn out to be a trend day.
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