RELEASE TODAY: market in a range bound pattern after yesterday expansion. Think of the range as the consolidation which is likely to show bo in the 10/15 range. Until the break, play the range runs.
ES 1123 1117.25 1110.5
NQ 2128 2116.75 2106
YM 10758 10700 10652
TF 648.9 645.1 639.1
Today we would look for PA to be range bound after the extended run yesterday. Play the range runs, but watch for the BO that would likely run again. Some comments today regarding the market:
[10:36] <CM> lbbo challenge...
[11:51] <CM> lbbo5 hit but hopefully people are beginning to look at the better play a range reversal more points in the run
[12:05] <xx> ES is in range
[12:43] <CM> back to my point yes lbbo run to +5 but the ema at the sb with PA b10-14 area ran 10+ that is the difference play the range play the bo
[12:44] <S> ES MaxT
[12:44] <CM> yes and buyer at b39
[14:27] <CM> es lbbo10
[14:30] <CM> see the selling as longs exit
[14:31] <CM> likely ema test
[14:34] <CM> ding..
[14:46] <CM> es nq ema bounce
[14:50] <CM> +4 es
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