Morning Es Trading

Monday's Market Review

When I opined (in Monday's trade notes) that traders were likely to twiddle their thumbs ahead of Tuesday's State of the Union address, I didn't expect everyone to take me so literally. The Es began the RTH session near the higher end of Friday's intraday range, but demand was notably flat. And despite the subsequent dip beneath 1511.25, supply ran equally flat and active participants were left with a market best described as having flatlined. Simply put, Monday's auction lacked both a motivated buyer above 1513.50, and a motivated seller beneath 1511.25. The end result was a stalemate where virtually everyone sat on their hands....465 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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