Sorry for such a late post. RG and I had a meeting this morning that consumed much of the day. Today’s trade came rather early in the session. The ES had moved into the lower part of our 09.75 / 12 level pre-market and continued to trend up through the market open. The 12 outside edge held on a push up after the market opened before rotating down and pushing up to 13 providing a good shorting opportunity. I marked up a 4 PnF chart below because I think the opportunity is a little easier to see (although the 6 PnF and other timeframe charts also work).
Jul 292010

