A range bound day that began with a range run after a pre open LBBO reversed. the SBBO hit about +2 and it too reversed for another range run to the LB. Toward the end, PA played with the B1 range before closing slightly down.
Some comments from today:
[08:20] <CM> for those present pa in euro zone moved back inside yday bot levels around 4 am est we had a new lbbo which is hitting at +10. current bot levels are long-1401 mid 97.75 short 95.25
[08:22] <CM> last buy signals 96.5-97 7:45 area
[08:31] <CM> rr selling
01[08:35] <CM> most of this appears as profit taking and the release of Italian bond auction
01[08:39] <CM> will let news settle and look for new ops
01[08:53] <CM> ms held buyers back in
01[09:39] <CM> failure at lb rr shorts at us open
01[09:43] <CM> this should cont for the rr at mb now
01[09:46] <CM> the issue we had earnings pushing PA up now euro news will pb also first attack on 1400 and bears defending bull will challenge again, remains to be seen if today generally believe a fbo at one end runs and breaks the other so 1401-97.75-95.25 expected..
01[09:51] <CM> here stp to 97.5 just below mb there is the chance pa bounces at the low and we end up with a range bound day if so we play the rr not bo's
01[09:53] <CM> the sh was 4 bars prior to open 1400.75 below the lb
01[09:53] <CM> there is thr range run b5 completed
01[09:54] <CM> 95.75 part bal stp at 96.75 continues to push dn
01[09:55] <CM> buyer interest noted at the sb
01[09:56] <CM> and we exit all
01[09:56] <CM> nice 1pb bar right at the sb
And the day continued with trades favored in the range run, not the break outs.
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