THE BREAK OUT RUN 4/10/14

LAST evening there was a sell off in the US markets then price found a flat range to tread water,  This sell , and the only news was from China, was interesting.

Forward to the open, price ids in an extremely tight range.  Albeit the chart narrows when a huge run occurs, the range was  around 5 points.  A 50CB developed on bar 1 and we had a 2 bar doji by bars 3 and 4. 

• Top not breaking
• 50CB  early test 
• 2 bar doji (read reversal)
• This market is in trouble!

Price broke lower (BO=Break Out) and we see a supporting gap until the BO-15 level.  The gap helps gauge the strength of the run.

A narrow pull back was stopped at a BO Level and was a relatively lower risk new short entry.  A nice 20 point break out day.