After yesterday's strong trend day, some consolidation was expected, and that's what we saw today. I was anticipating some range extension to the upside, but looks like the market is waiting on the Friday jobs report before making the next directional push.
ES 5-Minute Chart for 02/03/10
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbPQHuJVIr8L-0zMyexWRW2FeIeSm_pL4XrGzzzjrZ5D1Suk462GaxsOWcFxw2_KJ0is4kFQQvTo9ZrhF9l9OMLDiZ16HP0lc047PH9ZxmpWmQZ69kXVJktCXctaLaw6Dha3eSo9_MWTQ/s400/20100203_ES_5Min.gif)
Hi e-mini
ReplyDeleteI'm wondering what are those green and red arrows on your charts.
Is that and indicator or you drew them yourself?
Thank you
BrĂ¡ulio
I plot those in manually -- they're just low risk areas to initiate trades.
ReplyDelete