[08:47] <CM> ES ranges today 1503.25-1500.25-1498
[08:47] <CM> bias to long side
Price ran the range early on news prior to the US open. PA broke above the LB, stalled and returned to the MB for support. With the long bias indicated in the range spread, all pullbacks of quality would be counter trend but playable,
A wedge developed that broke long also and filled the gap to the BO-5 (LB +5 points). With price grinding at a slower pace, a BO-5 +2-2.5 points was likely the high of the day target for the bull run.
[14:03] <CM> bull bias but thinking bo-5 +2-2.5 about max
Price hit 1510.5 at B54, 2.25 above the BO-5. Nice day.
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