ES TRADE REVIEW FOR 10-23-2013

Since today was basically a day of balance in a thankfully tight range I thought i would simply hit the highlights.  The focus of today was 2 fold; 1 to trade the 1st touch of the zones for a rotation of 2-4 points. 2, to look for rotations lower for moves back up as we expect responsive buyers below. 3, to be very conservative on the short side and aggressive on the long side. It was a very simple plan, executed well and paid well.   Sorry for the short reviews, but the market has been strait forward.  Buy the dip on a good rotation down.  Worked today, will probably work tomorrow.  Keep it simple.

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Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential