BUY & SELL SIGNALS AND KEY BOs

AM Release:  TODAY:  Market uncertainty will produce wild swings, and negative news will sink faster than positive rises.  Continue to watch range runs with 5/10 breakouts + and 15/20 negative.  Selling pressure at the time of this message.


ES       1085.5    1083    1078.5

NQ       20635    2059     2051

YM       10506    10492    10456

TF         608.1     605.1      600.6

6E        3201      3188       3164


 The market was selling at the range release, and broke the short BOT for a SBBO5 run (78.5-72).  The return of PA to the SB created a neutral market at the US open.  WILD SWING bars and another SBBO to the 5/10 level.  The market was looking like another run away sell day; not for the Bot traders.


room chat:

[09:16] <CM> targets for long  nq  2080   ym  10600   es 1084   6e 3250

[09:34] <CM> Greece will not go away, we just need a day where no one talks about it  :)

[09:36] <CM> 9 point nq b1  bulls tried at the open  b2-8 needs follow through

[09:53] <CM> so far b2-8 failing  es resist at mid range  nq at the lb   following ym lower

[10:03] <CM> 6-7 reversals

[10:04] <CM> waiting for b8

[11:15] <CM> ok, 10600 was a stretch for ym  but b8 launched.  es hit 1084+  nq got the 2080+  6e hit 3250+

Bears were not ready to hand over ES 1100 nor NQ 2100 easily, yet we got the long BO 5/10, before bears moved, dare I say, 20 points negative.  Bars 69-70 were buy signals across the markets, PA ran the range for another LBBO.  This time, the bulls would not be denied.  YM got 10600+.  Not bad considering it was at 10460 and sold off to 10332 at the open.