06/07/2012 Example Trade

After moving up since the 7am EST Chinese rate cut, the ES June 2012 contract moved up into the DTG 15.25 level by the cash open.  Price then went into a wait mode for Bernanke’s 10am EST statement release about the state of the US economy.  Once it became apparent that no new stimulus was in the immediate horizon, price dropped over 10 points into the DTG 15.25 level setting up today’s example trade opportunity.

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