Thursday, November 10, 2011

RANGE BOUND DAY

[10:08] <CM> es back to first buyers 36.5-37.5
[10:09] <CM> es nq tf ym all flipped same area b7-8
[10:11] <CM> bias still short but it was a quality ct pb







[10:38] <CM> es range  1226-1238   nq 2285-2415
[10:39] <CM> we are close for reversal potential







[11:45] <CM> near the 1238  next level at 1248
[11:47] <CM> +10 on es reversal






FBO's in the pre open with a MAXT at the upper range began a 10 point range run with some quality CT pullbacks.  A MAXT developed near the target for the potential reversal, to begin another 10 point run.  Another range run and settlement at the mid range for the close.  A very interesting day for trading.

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