BOT Trading System: GRAND SLAM BREAK OUT OF BOTS

Let me start with a copy of the BOT ranges posted this AM on the Daily Ranges page. With the PM conference conflicts, trading has been forced to earlier hours.

DAILY RANGES (break out targets)

Updated at 6:10 AM EST

7-27-11
ES upper: 1327.75 mid: 1326.75 lower: 1325.25

6E# upper: 4480 mid: 4465 lower: 4454

YM upper: 12452 mid: 12445 lower: 12431

NQ upper: 2423.5 mid: 2421 lower: 2417.75

TF upper: 823.6 mid: 822.4 lower: 821.4

tight range day. early BO's. Yesterday's ranges were mistakenly called "7-25"

TIGHT RANGE DAY. EARLY BO'S!

The tight ranges in all US markets were screaming that a major BO was developing. Think of the markets as being compressed in a tight, churning ban. A stick of dynamite, if you will, waiting for a match to release all that bound energy. We saw the dynamite, we saw the match.

Those that follow our BOTS and targets were not surprised. They were prepared and rewarded substantially. The bold moves required at least two pics to fully see the impact of the BOT BO.

ES:

A few days ago we were discussing that the ES had been trading between 1360 and 1250 since the first of the year, and even more hits between 1350 and 1298 . Good news, bad news, no news. Those ranges were the bookends for the market.

quoted in room 7/21/11 [09:59] <Chartmaster> tidbit for ES SPX SPY etc nice run started in aug last yr. but since jan spx has traded between 1360-1260 roughly. bad news good news no news. 1260 two hits, 1360 2. 1340-1300 gives even more hits. point? near term much the same, but keep eye for bo from this consolidation

click to enlarge

The ranges were tight, and a BO was near. The short BOT broke. When we have a BO, we look for a trend to develop. In the current market, that trend is expected to run for +5 and +10 targets. Grand slam today.

B4 50CB was a key level on the PB, but we see a MAXT B24 area that was near the 50CB and EMA resistance. A reversal of the PB.