Monday, October 21, 2013

T.J. 10-21-13 Waiting

It's a very slow Monday. ES is hanging in last Friday's range after a early test of new high of 1742.5. It had a 7.5 point range. It looks like the market is waiting for tomorrow's job report because of the government shutdown delay. Tomorrow's range may be 1728 (gap close), then 1722 S2 to 1748 RL and 1752 TL depending on how the market interpret the job data.

I didn't have any new position today. Waiting for a upper or down level and volatility to return. Be patience.

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