A worthwhile principle for new traders: The market you're trading is not *the* market. Your market is always impacted by other markets. Just as a quarterback learns to see the whole field and read defenses--not just focus on a single receiver--a trader surveys the entire landscape, even when trading short-term.Here we see the Yen futures sell off into the 9:30 AM (CT) hour and the S&P 500 emini futures (ES) rally into that same time period. The Yen reversed after its high volume drop and ES quickly returned to its prior trading range. As the Yen then rallied, ES sold off. The Yen strength was a great tell for the ES "mean reversion" trade.
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