Sure was nice to see the markets react to an economic report and for volatility to return. The ES respected 3 DTG levels today. A short opportunity setup early in the DTG 42 level, but it carried the uncertainty of the 10an EST ISM Mfg and Construction Spending reports. The ISM report beat expectations and the ES quickly reversed course and climbed into the DTG 49.25 level. This area was the high frame I posted in chat and a must trade area for me. Unfortunately no clear order flow entries setup to use as an example trade. The ES failed to move beyond the DTG 49.25 level and dropped back into the DTG 42 level. Order flow showed the sellers were in control and no long opportunity develeped before price fell through the level. However, the pullback into the DTG 49.25 level did provide a short opportunity which is today’s example trade.
[DTG]
[/DTG]
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