Today was NFP. Taking a look at the first 2 trades in more detail, coming into the morning open, just 1 minute before the cash open we had a run up in price, breaking through yesterday's highs and making a run up to 864s, the highs set by the run on NFP news.
That looked like this.
When something like this happens *before* the cash open, it is a little unusual, but in almost all times that I've seen something like that, you can bet that it's the pros setting up the market so they can sell the opposite direction.
That looked like this.
When something like this happens *before* the cash open, it is a little unusual, but in almost all times that I've seen something like that, you can bet that it's the pros setting up the market so they can sell the opposite direction.
If you can't tell what the herd is doing...you probably are the herd.