The ranges were set and it began to look like a range bound day. Then we noted the bearish channel inside the ranges. Options: play the channel at a key range and look for the BO that could cause a quick flip in your position, or wait for a range BO.
Part of the talk today:
[11:54] <CM> we still have range bound LB for es and nq not broken
[12:41] <CM> both in a narrow bearish channel from b10-11 waiting for a bo
[12:42] <CM> nq more b16-17
[12:43] <CM> shorts would be es 1217.25 nq 2340.75
ES
NQ
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