BOT TRADING WITH LOWER VOLUME

Across all instruments, the target ranges were looking for price action in the lower range, with possible short break outs.  The ES had a bracket range added to the BOTS.

The bracket range reflects long and short entries inside the BOTs, and is useful when price does not quickly break out, nor run to test the opposite BOT.   The bracket values were 31.75 and 34.

The day opened with three pushes down ( also three pushes if you are counting from the open).  Volume was low, and decreasing for most of the morning.  The bracket was key to early trades, followed by the 50CB. (50% of a control bar).

The bracket values would be important all day.

The failure of the SBOT to run implied we would see a run to test the LBOT.  1/2 pt away, more news from PIIGS.

By 4:30 PM EST we hit the LBOT.