Friday, July 29, 2011

NEWS AND BOT RANGES

This blog is being started at 8:42 EST, and the weekend is waiting.

The BOT ranges were in place.  Tight ranges  again waiting for news and a significant BO.



[08:21] <Chartmaster> ranges updated ranges continue to be tight allowing for significant bo on news. last evening it was the "delayed" vote on the debt. this 3 ring circus is the news






The news produced a +5 just from the Short BOT (SB).  The upper trading range BO was even better.

Day done.  Enjoy your weekend.


modified 1:50 PM EST

Additional look at the market for ES, which had opportunities at the SB reversal, 50CB's, and the LB BO.




AND THE FINAL LOOK:





The PM rally from the MB was stopped at the 50CB level, and returned for a reversal, which hit the SB.  All-in-all, the BOT ranges and the 50CB's worked very well.



No comments:

Post a Comment