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Not real wild.
If you check how much they had to drop the dollar, we should have been up double digit on the ES... but we barely gained 5 points to 1407.75$. This reassures me on my longer term short position.
Also, today, tomorrow and thursday we shall see an increased volatility in the market, and increased trading volume as yesterday was the lightest day of the year.
So this would bring some selling... Will watch and see today's action, then evaluate whether I continue to hold or cover my position.
Successful people will do what unsuccessful people won't or can't do!
Well since you are trading the ES on US markets, I'd say you follow the DX then.
They work inverse to each others.
Keep the VIX on your radar too; it will show you fear sentiment and how it correlates to price action.
Comes handy at time :-) and I also monitor CL and GC of course for the full picture.
Successful people will do what unsuccessful people won't or can't do!
Both Fed Chairman Bernanke’s remarks yesterday and President Obama’s speech last night about his jobs plan; combined, failed to reassure the market that a solution to the country’s economic woes was at hand, and the …
