RANGE WARS

TODAY'S RELEASE:    PA returned positive in after hours, then broke the short bot for additional selling.  Today watch range runs again, LBBO 5/10 variety.

Selling is still an issue, but it appears we are more in a high/low range waiting for the extended break out run.



ES      1143.75   1140.5  1138.5

NQ      2170.75    2165.5    2160.5

YM      10989       10964    10946

TF        653.6    650.4      647.9

6E      3534    3515   3491


Today was marked by a tug-of-war between the bulls and bears, a range war.  Trading the ranges was productive, as was the 50CB's and LBBO5.










Have a great weekend.

revised: end of the day:  SBBO grand slam. The extended breakout.

 

5/10 to 15/20: BOTH RANGE TARGETS HIT

A.M. release:   The bo15/20 variety is with us as the market is looking for direction.  That direction bias is long, but we still see news profit taking.  The pros merely reinvest at better values.

Today, the ranges are a little broader.  Nice range to range and be alert to a long break out for the bo5/10, and watch for the secondary alert: the SBBO 10/15 on news.



ES        1160.25   1158   1155.75

NQ        2243.65    2239.5    2233.5

YM        11079   11062    11040

TF          660.7      659.3     656.9

6E          3650      3629      3610


 The ES range broke short early, but stay with the short range.  A reversal around 8:20 ran the range fore a long BO to the BO 5 and 10 level.  So far, followed the plan.

A BO10 MAXT reversed for a short that ran the range for a SBBO.  BO 10 and 15 became hits.

Short message tonight.  There is a limited number of ways to say:  BOTs WORK.

 


And during the trading day, 

 [15:26] <CM> current reads going into overnight and euro zone (us tomorrow)   TF  key 50cb around 649-650   NQ  oversold  look for higher level   YM  at neutral area look for bounce    ES  1136 has buyers  1141 key longer break   6e  downside to 3520  but looking for 3585-95  a break see 3635-40+