9/16/2015 Average Earnings Index / Claimant Count Change (0430 EDT)
Avg Earnings Index Forecast: 2.5%
Avg Earnings Index Actual: 2.9%
Previous Revision: +0.2% to 2.6%
Claimant Count Change Forecast: -5.1K
Claimant Count Change Actual: 1.2K
Previous Revision: -1.9K to -6.8K
SPIKE WITH 2ND PEAK (SLIPPED – NO FILL)
Started @ 1.5338
1st Peak @ 1.5382 – 0430:01 (1 min)
44 ticks
Reversal to 1.5373 – 0433 (3 min)
9 ticks
2nd Peak @ 1.5412 – 0449 (19 min)
74 ticks
Reversal to 1.5385 – 0503 (33 min)
27 ticks
Double Top @ 1.5414 – 0518 (48 min)
29 ticks
Expected Fill: n/a (slipped)
Slippage: excessive
Best Initial Exit: n/a
Recommended Profit Target placement: n/a
Notes: Quick and large spike with a gap at the open. It still retraced back to 1.5360 in 6 sec to allow for a quick buy if you were savvy. Otherwise, note the reluctance to reverse as an opportunity for a 2nd peak trade.