Aug 272012
A low news Monday didn’t give the markets much to focus on today. Volatility was low and the day is shaping up to be a narrow range day (with 45 minutes left in the US session as I write this). The ES reached 2 DTG levels today, and either level could have been traded for small targets. Price grinded in the DTG 08.25 level most of the morning before breaking up to the DTG 12 level. There wasn’t very good order flow or price action for which to base a long trade from the DTG 08.25 level. However, the ES showed signs of topping in the DTG 12 level and provided a short trade opportunity.
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