8/16/2012 Monthly Philly FED Manufacturing Index (0400 HI time / 1000 EDT)
Previous revision: n/a
Started @ 94.74
1st Peak @ 94.65 – 0401 (1 min)
Reversal to 94.82 – 0402 (2 min)
Notes: Report barely fell short of the forecast, causing a dull reaction. With JOBB, your order would not have filled until about 37 sec into the :31 bar, but close out after 10 or so seconds without a fill. It could only drop 9 ticks, then shot upward for 17 ticks from the low point to cross the 50 and 200 SMAs. Finding resistance there, it fell again. Then it eventually went long in the next hour, but that cannot be attributed to the report.