Value of Perfect Information

Today offered a wealth of information. The opening session brought on some selling but not in excess. Relative volume during the sell off was below average.  Defensive Sectors were being bought up while Pro-Risk Sectors were being sold off.  However, as we neared the 1129.75′ish ES zone, that relationship began to quickly reverse. Utilities, the high flyer of the morning, saw the most selling when the buyers stepped in.  Heavy volume came into the market just above support, launching price up and over resistance at 1139′ish. (Note: The massive volume transacting at 1137′ish~)

I’m still in hunker down mode with regard to trading the ES.  Until I’m well adjusted and have a definitive edge, I’m staying small and tight.  Stocks, however, are a different situation. There were many beautiful opportunities to scalp equities, especially during the mid-morning buying spree.  

NOTE: I did NOT take all of these trades.  These are only what I interpret as ideal trades for my style of trading.