May 242013



Volatility continued this morning, not so much a change in trader expectations but rather price whippiness enabled by light volume leading into the 3-day Memorial Day weekend.  The ES spent the entire morning in an 8 point range between 2 DTG levels.  Finally coming into lunch time, the bulls started grinding price upward into the DTG 42.50 level.  Volatility had died down to the point where order flow trades could be considered.  A couple short opportunities unfolded during lunch time and are today’s example trade.

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