Es Morning Trade
Review of Wednesday's Es Trading
For nearly three weeks we've been trading a market stuck in balance, and while this is perfect for a range trader, it wreaks havoc on breakout traders wanting to position themselves more aggressively. The Es broke down back on Good Friday when vacationing equity traders were unable to react to a worse-than-expected NFP employment report, and buyers have failed to re-establish themselves as the dominant force in the market ever since. There's no denying that the bears have been a complete failure during this time as well, but given that the prior trend was up, I suspect most participants are still expecting higher prices over the short and intimidate term....618 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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