Monday, June 11, 2012

ENTENDED BEAR SELLING 6/11/12

6/10/12 open had a nice gap.  Unfortunately the Euro Zone trading began selling off the gain.  By the US open, we see a control bar in B1 that was never challenged.  A range run quickly developed and the gap was filled.

Selling broke lower and was followed by the 20 EMA.  SBBO to 5, 10, 15, and 20 followed.

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