sterday we saw a FBO at the BO-5 reverse reversal long. Today, a FBO at BO-5 long reversal short.
[08:23] <CM> ranges today for es h2 contracts 58.25-55.25-52.5 the open bull (OBU) and open bear (OBE) add at the open general b1-5
[08:26] <CM> es z contract 64.5-61.75-58.25
[08:32] <CM> longs bo
[08:34] <CM> +4 bal at +2stp
[08:35] <CM> large bull expansion bar stp to +3
[08:39] <CM> bo-5 hit btw
[08:42] <CM> exhausting move stop to +5 bal http://screencast.com/t/Zsb31zwpfUA
[08:42] <CM> x bal done
PA was exhausted and reversal signal showed weakness. More weakness at the 50CB failure led to the continued range run shorting. The lower targets hit- BO-5, BO-10,,,
Bulls had weak attacks halted by the EMA at b4, b16, b34, b54, and b58 before one last attempt that hit the upper target discussed in chat (1245)
[14:13] <CM> imho mkt is tired major selloff down some 20 pts more from preopen there is no rush for pa to move much beyond 3-4 range so up say 45 lower 36
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