SWING LOW, SWING HIGH

If you ever had a thought about holding a position when the market is closed, look at last evenings open.












Holding from day-to-day is playable for some, but traders do not hold over a closed market.

TODAY:     swings and more swings.  Market continues to be volatile.



ES      1194.5        1190.5      1188

NQ      2276          2270         2266

TF       701            689.1        697.5

YM       11315       11295        11279      

6E        3674          3647         3633

The market remains range bound with bull and bear swings.  We have not "turned the corner" on a preferred direction, although the bias is long.  Up/down a few percentage points, then down/up.

The daily ranges are provide for you to check out the BOT Trading System, and  trial the potential you could make if you played the ranges and rules.



Narrow targets for today, with an early FBO for the longs  which pushed to the lower range for the BO to SBBO5.  We generally expect price that shows a FBO or a reversal to run to the opposite range target.

The fact that PA reversed at SBBO5 to run to LBBO5 showed the market in balance and trading in a narrow range.  With the BOT System, you are not concerned with narrow range days nor extended runs.  Simply play the range to range, the Break outs, the reversals, and the 50CB.  It is designed to capture more of the potential profits in the market.

We follow the professionals.  It is not mere chance that PA will make corrections at key levels in our system.