Tuesday, October 27, 2009

ES Emini Futures Morning Review 10/27/09




Well, we got through the European close and stayed within a narrow range. Most of the mornings activity stayed within yesterday's Value Area.

When you see a drop like the one that occurred after the release of the Consumer Confidence Report, it is hard to believe that the market will stay in a narrow range. But it did.

Charles

2 comments:

  1. Kailash said,

    I checked the chart on the ES on October 27, the drop occurred at 10 AM and the Consumer Confidence report was at 9 AM EST.

    Charles, can you help me understand this delay in market behavior? The only report I saw at 10 AM was Bank of Canada Governor statement.

    I am backtesting a strategy where I don't take a trade just before a report but not sure about the 10 AM drop?

    Thanks for your help.

    Kailash

    ReplyDelete
  2. Hi Kailash,

    The Consumer Confidence report came out at 1000 ET not 0900 ET.

    Charles

    ReplyDelete