Click on chart for comments on the ES market trade. Today there was an opportunity to consider a short, but we decided to go flat and wait and see what would shake out of the tree.A little after 10:45AM Eastern time, the eMini S&P showed us a nice LONG entry, that we were able to pull 4 points out of the trade in front of the Trading Range HIGH .. look at chart.
Bernanke is speaking today in front of the Senate, and we also have Obama speaking in front of the congress tonight at 9PM Eastern time. He will address both the house and the senate tonight is his "annual address."
Bernanke will be in front of the House tomorrow ... so caution still is the prevailing sentiment.
Have a great rest of your trading day.
Good Trades,
David AKA Tiger
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