2/4/2013 Monthly Retail Sales (1930 EST)
Forecast: -0.81B
Actual: -0.43B
Previous Revision: -0.15B to -2.79B
SPIKE WITH 2ND PEAK
Started @ 1.0409
1st Peak @ 1.0425 – 1931 (1 min)
16 ticks
2nd Peak @ 1.0426 – 1945 (15 min)
17 ticks
Reversal to 1.0409 – 2001 (31 min)
17 ticks
Notes: Report moderately impressed but was offset by a small downward revision to the previous report. This caused a 16 tick initial spike with a quick pop on the :31 bar that crossed no SMAs, but hit a barrier at the R2 Pivot, pulling back and leaving 9 ticks on the bar wick naked. With JOBB your order would have filled long at about 1.0416 with 3 ticks of slippage, then you would have been able to get up to 9 ticks depending on your patience as it headed to the R2 Pivot on a 2nd peak 15 min after the report. After the 2nd peak, the reversal took over and pulled it down back to the origin as it fought through the 50 SMA then eclipsed the 100 SMA.