BOT TRADING SYSTEM
The consolidation last week was expected to break long this week. last Friday [15:16] <CM> mkt ready for a 15-20+ move bias favors bull going into next week) We now have an expansion for 10 points, and we will still look for the full 20 points. With the exception of TF, the other horses were rising. The initial selling turned positive with the ES closing above the LB on B1, with B2-3 being PB's for additional long consideration as they stayed LB positive. Price broke to BO5 and stalled. B9-11 offered a brief push for a short (assumed a FBO) but this was negated when additional bars could not move away from the BO5. PA moved to hit the BO 10 where we see an "r" pattern at b23-24 and a 2b Doji at b28-29.
The PB to BO5 (expected when the BO 10 failed) established an ascending triangle. We had lower support areas that were untested in each market and PA was likely to test those.
[10:37] <CM> mkts have moved higher this week (expected) from the consolidation support to test at dn side 1426.25 831.5 13238 2675
FOUR HORSES; hit the targets and reverse
By b57 we break the lower TL and have confirmation for the short again on b60. PA hit all lower targets before reversing long.
The ES hit the LB and reversed at b70 and hit the BO 5 again via a modified two leg run.
ES
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