Read the prior post. Looking for 1220 and Wednesday would be another BO run day. Got both.
Quick look at the chart. We see the three phases: open bullish run, a bear trend channel, followed by another bull channel breaking to the upper long targets. Strong BO Days will run 10-15 points. An excellent end to November and a strong support that the market low ( for balance of the quarter) is in.
Just for fun, here is the 15 minute chart with the 5m notes and lines:
CHARTS BY TRADING ZONES:
Quick look at the chart. We see the three phases: open bullish run, a bear trend channel, followed by another bull channel breaking to the upper long targets. Strong BO Days will run 10-15 points. An excellent end to November and a strong support that the market low ( for balance of the quarter) is in.
Just for fun, here is the 15 minute chart with the 5m notes and lines:
CHARTS BY TRADING ZONES:
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