Trader's Daily Notebook: You Call That Volatility?

A total of 1.2 million contracts over a 14.5-handle intraday range wouldn't generally register as a heavy-volume or particularly volatile day in the E-Mini S&P 500 futures (Es). But since that's the highest volume and widest range we've seen over the past 10 days, I suppose we should be grateful.

For all the day timeframe excitement, however, the contract still closed above all short and intermediate timeframe moving averages, and within four handles of where it's closed each day this week. Put another way, Thursday's volatility was great for the day timeframe scalper, but it failed to meaningfully alter the contract's overall trend....428 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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