Friday, the day after the bank downgrade information and a extended bear sell off. Not much was expected, as the market would try and play it safe as traders take an early weekend.
The market played with the BOT Range in the pre open and had developed a slow, grinding bull channel into the open hitting a double high around 26.5-27. Then the PB into mid morning.
This is where the market became interesting again. Highs (with sellers) and now a higher low (from the pre open) with buyers at the Short BOT level. The market was going bullish. and later reached the long BO+5 level.
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