Aug 072013


Not much on the economic calendar today as the ES sold off overnight on growing bearish concerns about the FED tapering QE.  The ES opened moving to the bottom of the DTG 84.50 level where it unfolded into a long opportunity.  It was nice to get an opportunity so early after all the waiting of the last few days.  This example trade unwound and stopped moving higher 89.50 which was at the downtrend line I posted in chat.  Thus depending on the entry price and size of targets, some targets may not have been reached.  The ES dropped down into the  the DTG 80 level where a 2nd long opportunity unfolded.  

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