RANGE RUN BO AND BACK AGAIN 5/16/12

TO understand the US market today, we need to look back to the Euro Zone range run and break out.  PA hit the long BOT at the open and ran for a BO5 before fading at the 7.5-8 point area,

A reversal signaled, and returned to the LB and a range run in the PM.  Essentially, back to where it started in the Euro Zone.

Bull channel early to a bear channel later...