Jul 302013
 

trade_130730

Another slow, low volatility day waiting on Mr. Bernanke and company to relieve another 6 weeks of pent up Fed uncertainty with their policy announcement tomorrow.  However, price did touch 2 DTG levels which provided a couple opportunities for trades.  The DTG 80 level provided a couple long order flow opportunities  during the even slower lunch hour.  Those opportunities never got any traction and the ES broke down relatively hard to the DTG 77.25 level.  The institutional sellers piled on, trying hard to keep price moving down but became trapped.  The institutional buyers came out and price unfolded into a long opportunity.

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