Jul 302010

The Chicago PMI and Consumer Sentiment numbers came in above expectations which offset much of the move down from the pre-market GDP move.  The news kept us from trading until after 10am EST.  Today’s trade was a simple and easy setup in the 94.75 / 95.75 area which does not require much explanation.  The ES has now moved back down near the YC.  The best trading opportunities this afternoon will be the levels above 1101.

 Posted by at 11:39 am

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