Morning Es Trading
Thursday's Market Review
Despite the recent uptick in intraday volatility, I hope we can all agree that it's a bit unrealistic to expect the Es to oscillate by 20, 30 or more handles on a daily basis. Let's not forgot that a mere seven days ago most (me included) would have surrendered their G.I. Joe with the kung fu grip for an intraday range approaching double digits. Setting aside the fact that intraday ranges have expanded over the past week, I would strongly suggest traders recognize and respect that if (and I understand this may be a Texas-sized IF) the equity markets are in the process of hammering out a top, expanding volatility and intraday reversals are here to stay -- at least until a new trend begins to take hold....750 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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