6/8/2012 Monthly Trade Balance (0230 HI time / 0830 EDT)
Previous Revision: +0.7B to -47.1B
Spike / RETRACE
Started @ 82.34
1st Peak @ 82.22 – 0231 (1 min)
12 ticks (2x bottom)
Reverse to 82.63 – 0235 (5 min)
Notes: Report mildly fell short of forecast, with a small previous report downward revision. Reaction was a weak negative, shorting for 12 ticks then pulling back and reversing quickly. With JOBB you would not have filled until 20 sec if you had not cancelled the order. Due to the near matching report the slow reaction is not surprising. Reversal crossed all 3 major SMAs and the S1 Pivot to achieve 41 ticks in only 5 min.