SPECIAL LOOK AT BOT RANGES

TODAY'S RELEASE:  The market delivered yesterday for the bo15-20 variety.  Overnight, the BOT ranges continued to provide entry points as PA settled at the short bo5, then reversed the short and ran the range for a long bo to the bo5 level.  Again, a balanced market.  The balance should be broken today as we look for the bo of the range,  Continue to observe PA for range runs.



ES   1180   1176.75    1173.75

NQ     2270    2264.25     2260.25

TF    684.1    681.8       679.3

YM      11214     11186     11163

6E     3671      3642    3624

Today we will show a special look at the BOT Ranges- two day range.  When presented in prior post, the report and trading focus has been upon one trading day BOT Ranges.  But subscribers can benefit from a two day look when markets are in balance.  A break out of a balanced market will use the prior day ranges too.

 

Subscribers had the ranges before the market opened.  8:25 and 9:55 (roughly) we see a double top at the Middle Bot that became resistance.  Both were screaming short.  We had a BOT resistance, and a 50CB/EMA below.   This resistance was seen again at B30 area where we see the Short BOT resistance  stop a reversal into range.  

The yellow BOTs are for Wednesday, and the blue were used Tuesday.  The Prior day BOTs  had a MAXT at B17-18 area, and a similar resistance failure at B36/37 and B42/43.

When a long or short range breaks, it can be useful to see the prior day ranges for setups.  A balanced market will play out the BOT Ranges in after hours, and can be important going into the next trading day.

As is, another range BO day in the 15/20 variety.