EURO ZONE BO FOLLOWED IN US MARKET 1/19/12

AN after hours spike hit 1307.50 and revealed market intent.  An early reversal in the Euro Zone quickly reversed in the ranges for a BO-5 run.

The ranges for Thursday were released, and the US opened with a test of the SBOT.  A range run followed the SBOT reversal and trading was good until mid day.  PA seemed flat with a resistance at 1311 that lasted until the end of the day.

The next long was at the HL from the b20 TL,  The extended hold at 1311  and that same TL allowed a short back to the LBOT.  A follow up test of B20 low and another test of 1311 ended the day.