TREND CONTINUATION AND THE BOT

Yesterday, we briefly discussed finding value in all the fear.  Today was a pay off for that search.  Yes, it is too soon to announce a bottom.  But values were there, and still are available.

Today, we see an early trend move that consolidated at the Middle BOT (MB).  Two outcomes have been discussed in prior blogs:  a trend continuation, and a reversal.

The MB held with a MAXT, and we have additional long ammunition in the 50CB.  This was believed to be a strong key to a TC long to the LB.

Essentially, trading is over for the day until the FED News (if any) this afternoon.

Key moves in all markets.  Today we had a nice spread in the ranges, the first we have seen in some time.  Most prior ranges were much more narrow, for quick entries in the selling.

Strong entry signals, with range to range trading.