What a wild day… Volume was light and volatility was high. Stock market traders have been waiting on the Employment numbers for days. The Employment numbers beat expectations while unemployment was inline with expectations. Traders didn’t know what to do with the mixed numbers, but the general trend was up and continued so for about 30 minutes after the 8:30am EDT release. Several pre-market long opportunities unfolded as I shared in chat. Around 9am EDT, the ES started dropping and was down around 10 points by the time the cash market opened. It crashed down through the DTG 12.75 level and bounced off the DTG 08 level where it unfolded into a long opportunity.
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