SELLING REVERSES FOR RANGE RUNS 5/31/12

MAY ends with the US open at the EMA and the Mid BOT.  Selling continued to the  SBBO-10 where PA found support and a reversal for a range run to the Long BOT, a value no one considered possible.

The LB was the resistance, and sellers collected another 5 bar range run into the close.

Looking at the chart information above, this is how another trader used the data provided:

Similar action was seen across the markets as resistance hit and sellers took markets down at the close.