YESTERDAY we were looking for a possible PB to 1265. Flash forward 24 hours and we hit 1263 BO-5 for the shorts.
Today was follow the range run, and it started in the Euro Zone trading. Rth traders miss this action and the importance of knowing what the market PA story is prior to the US Open. The ranges work, and are playable the entire market .
The US Open begins with a PB into the range.
PA failed at the MID BOT and continued the downward pressure from the FBO around 5:30. There's that 1265.
PA stalled at the BO-5 level and we had a bear TL BO with a three push run back into the range. Three lesser pushes and the bull begins to wane at the LONG BOT.
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