There was good news and bad news today…  The bad news was that the employment numbers turned the day into a trend day.  The good news is that order flow ready kept us from fading most levels.  It was a long day waiting for some sort of trade opportunity.  A long opportunity came about late afternoon, but unfortunately it became a victim of the strong down trend.  On today’s annotated chart, I show how order flow kept us from trading against the trend. Continue reading »