This was the second day in a row that the ES bounced between levels all day long providing several trade opportunties in both directions.  The clearest order flow opportunity came on the test of the 26.50 / 27 area at the high of the day during the lunch hour.  This was a key area that had a good chance of holding the high of the day.  I posted this several times in chat.  The institutions and algos battled it out for nearly an hour in this area before finally began a slow motion break out to the downside. Continue reading »