ES opened and tested the 1299-1300 area before the figure release so i wasn't interested in getting long in front of the econ number. The number was out worse than expected and Es started to take off to the upside and pulled back to the 1304.75-1305.75 level i had which would have been a good long trade but i was short at globex highs and wasnt thinking to get long I ended up scratching when it came back up. after that it was a slow grind higher and no opps to get long on any pullbacks so i sat out rest of the day. With ES back above the 1309-1311 level my expectation is for new highs over the next few days. I will wait and see what globex does and go from there in the morning.
Mike, check this out:
ReplyDeletehttp://www.flickr.com/photos/59420623@N06/5573268676/sizes/l/
This is something we might missed (at least me) in the room.
Dima