Jun 262012
The ES bounced off every DTG level touched today. After the 10am EST consumer confidence report and Richmond Fed Mfg Index both came in below expectations, the intitial reaction was down but once the dust settled; the ES tried to climb to new highs above the Globex session high. It fell one tick short as the institutional sellers came in relatively heavy between 13 and 13.50. This setup the first trade opportunity of the morning.
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