May 102012
Volatility really dried up today after 3 days of the repetitive pattern of selling off after the open and then trending up for much of the day. Today the ES stayed inside the overnight range, falling short of yesterday’s close on the low side and the overnight high on the high side. Only 1 DTG level was touched today. Price opened in the 1360 level, grinded for a while until eventually worked it’s way down into yesterday’s POC/HVN area. The only trade opportunity today was the pullback into the R1 pivot inside the 1360 level. Any entry around or in that level would have worked as price rotated to the LOD. Today’s annotated chart is
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