END of the month and we end in a range bound mode. PA was in bullish trend line from 8:30 AM EST. Around 9 AM we had a 50CB bar which was pivotal at the US Open. PA tested the 50CB and held, creating a gap to the SB. this was a long opportunity with a limited downside. It also was a touch of the bull TL.
PA ran the range to break out at the LB before hitting resistance at 1500. Short was the call and additional shorts entered at the TL break as price ran the range to the SB. A range bound day.
Longs entered on the B26 50CB BO to capture the bull range run. A couple more major 50CB's and PA ends flat inside the range.
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