Quick review: Monday expansion, followed by range bound, another expansion, and another range bound today. Missing? A corrective PB or profit sell off.
Overnight we see a range run with key buy points into the US Open. PA was working with the ranges established, and with strong bull TLs.
Overnight we see a range run with key buy points into the US Open. PA was working with the ranges established, and with strong bull TLs.
at the open , B1 sets a range and B2 is the 1PB at the middle target range 1242. deemed support for a long to 1247 with a secondary entry at B6 push back through 1247. The target of BO-5 was missed suggesting today would develop as a range bound day
after the 1247 BO, a flag develops at the exhausted run. B9 is a PB to support. B12 becomes a LH and a TL reversal setting up the range reversal short on 1247. 1246 level is a 50CB at the EMA and a stronger resistance for more bull action. PA runs bearish for another 50CB and a 10 pt run from the HOD.
double bottom with upside targets 83.5 and 85.5
targets begin to hit; looking for 1247 test
the bull is hitting target but we see 7-8 bars with no bear. Can not sustain. We needed a bigger push bar, not incremental steps.
1247 resistance after early AM BO. Bears will seek PB to prior bull targets
day ends range bound
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