May 052013
4/18/2013 Weekly Unemployment Claims (0830 EDT)
Forecast: 349K
Actual: 352K
INDECISIVE
Started @ 1399.6
1st Peak @ 1397.1 – 0831 (1 min)
25 ticks
Reversal to 1401.9 – 0919 (49 min)
48 ticks
Notes: Report came in nearly matching the forecast, causing an indecisive scenario with a 25 tick short spike then a 48 tick reversal. The spike nicked the 100 SMA, then reversed to hit the HOD and retreated to the origin. With JOBB, you would have filled short on the :31 bar at about 1398.4 with 2 ticks of slippage, then been stopped at 1400.6 with 2 ticks of slippage for 22 tick loss. After the indecision, it trended lower to eventually eclipse the PP Pivot.