Monday, January 28, 2013

RANGE BOUND AT THE 1500 1/28/13

BOT TRADING SYSTEM

The month is coming to an end.  Price tested yearly highs and has challenged the 1500 magic level.   Today was, well, a range bound disappointment.  The US opened with a range run that was heading for the BO-5.  Alas, another gap.  The bear party was about to end.

We have the gap and the trend line is broken by the bulls.  Bulls pushed as if we would see a range run only to stalled between the NB and LB.  Another gap, and a break of the bull TL.

A range bound day hidden away under the 1500.




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