CL 11 12 (1 Min) 10.18.12

10/18/2012 Monthly Philly FED Manufacturing Index (0400 HI time / 1000 EDT)
Forecast: 1.3
Actual: 5.7
Previous revision: n/a
SPIKE/REVERSE
Started @ 91.11
1st Peak @ 91.21 – 0402 (2 min)
10 ticks

Reversal to 90.71 – 0409 (9 min)
50 ticks

Notes: Report barely exceeded the forecast, causing a nearly dull reaction of 10 ticks. With JOBB, your order would have filled at 91.18 then hovered 2-3 ticks on either side of your fill. With the 100 SMA containing it above, it could go no higher than 91.21. Close out around breakeven before it reverses. The reversal took over strongly on the :02 bar, crossing the 50 SMA and the S2 Pivot, eventually yielding 50 ticks about 8 min to nearly match the low achieved about 1 hr earlier.