Thursday, June 27, 2013

TREND EXPANSION 6/27/13

BULLS are back in favor.  At least for the trend today.

The move began back around 7:45 AM EST with a 50CB expansion bar.  PA stay TL +, or positive as we completed the range run to LB 1603.5  BO-5 was next, followed by a test of a prior 50CB TL.  The PB stayed EMA+ and we completed the expansion run to the BO-10 at 1613.5 where PA stalled and returned to test the prior level.

A nice day for our opinions regard levels by PA.


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