Dec 2, 2015
[NIGHTLY RECAP] The Market Giveth, the Market Taketh...
[NIGHTLY RECAP] The Market Giveth, the Market Taketh... $ES_F $CPN $SE #stock #trading (ST)
What looked like a nice breakout yesterday has turned into a false breakout today. The market quickly reversed after barely breaching yesterdays high and it turned into a trend day lower. Very little bounce throughout the day. As we approached the lows from this tight range, traders stepped in to hold it up.
So what does this tell us? It basically says short term traders are in control. The…
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