Tuesday, January 21, 2014

RANGE DAY 1/21/14

ES price today was near perfect in it's range play and range runs.  After a long break out, price failed to reach the BO-5 and reversed for a sustained short between two 50CB's and the LB to SB range run.  The  Short BOT (SB) broke and price ran to the next target, the BO-5 where it found support and reversed similar to the long break out.

The final target of 1839 was reached at the end of the trading day.  A range bound trading day.

30 Minute chart:



The 5m Chart:


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