5/23/2011 EVENING TRADING

The blog is prepared in the evening after the close, and the current action in the market is being viewed as well.  Trades are trades.  If they are there, take them.

click to enlarge

The ES had a narrow, 1 point  BOT range.  Once it broke long, a target was set at 1317.  The short was taken when the target was showing weakness, and a final trade was taken at the EMA.

The 6E had a wider BOT range, but the EMA long was a valid trade.