LONG BIAS DAY

QUICK REVIEW of post for last evening and today:


[21:20] <CM> es outlook tight range 1211-1245 that should narrow tonight with a break out run tomorrow
[21:26] <CM> we are in a similar pattern to 9/22-23 & 9/25-26 started a 70 point run



[10:09] <CM> early longs 1232-1234 for mkt reversal
[10:17] <CM> longs +3-5 depending upon your entry..


[10:26] <CM> new longs can enter at 1238.75-1239.25


[10:33] <CM> if leg 2 is similar to (leg 1) going into Rth ema we would see 1242




And so on.  The long bias hit.  The issue that was a little discouraging was seeing so many "short" post at any bear bar or new high.  The EMA remained strong support after the market reversal.

GLOBAL LOOK

Pre market  BO of LB followed by triple short signals going into the open.
Open reversal of LB which is expected to run the range.
Additional short at the LB
First exits at the MB where "buying" was noted
50CB bar develops at b7 and the SB holds and buy signal
B8 long entry.  Market reversal noted and reported.
B13-14 a trapped MAXT, between the EMA and the LB
Sell signal at the LB B17
B22 LBBO
GAP bar short at B26
Consolidation B28-38
New longs at the BO.  BO 5/10 hits before we see another GAP Bar exit followed by a MAXT reversal
New long signal at b64-35



A LOOK AT THE Rth CHART

GAP Lines are set, and initial selling hit at B3.  B8-9 set up a reversal in the market.  Selling (or exits as the trend was bullish) occurred on stalls at the upper GAP TL. while Long entries were signaled at the UGTL and the EMA.