POST HOLIDAY: APRIL WEEK 1

The post holiday week 1 of April displayed a variety of trade scenarios.  Bulls versus Bears in a consolidation range.

4-3-13

This was a day for the 50CB's to fail in a strong push by the Bears.  The 50CB's held, and the 50CB 45 Trend Lines were useful in monitoring the push down,  The 20 EMA was a price barrier  for most of the day.



4-4-13

With stability back in price action, the ranges were again in play.  Range runs and pull backs were followed (Trend Lines).  Albeit price broke the early 50CB in mid morning, it was unable to breach that level after a bounce at the mid range.  Another test of the low, and we moved back to settle in the 50CB ranges from the A.M. matching the mid day highs.


4-5-13

Another day for range guidance.  The low was holding and an aggressive long.  More conservative entries were at the 50CB and the mid range above the consolidating range going into the open.

A late 50CB developed at the Bull TL as price pushed higher into the close.