Day trading seems easy when price bounces off the back of the first 3 DTG levels the ES reached.  After the cash open’s expected initial volatility, the ES started climbing straight to the back edge of the DTG 50 level.  Order flow was signaling a short, but the timing was a little risky because of the 9:55am EDT Consumer Sentiment report.  The Sentiment number beat expectations but it didn’t spur the bulls to continue their morning rally.  An additional order flow short opportunity unfolded about 5 minutes after the news.  The ES then tumbled to the back edge of the DTG 46.75 level and unfolded into several long opportunities which are today’s example trade. Continue reading »