WHEN A NET ZERO DAY IS GREAT

From the early BOTs to the end of the day, the net for the market was negligible.  But the BOT BO was super.  Nothing new about that.

PA stalled at the MB, and moved upward along the EMA for the first +5 move.  Not listed, but you should see the 50CB reversal with a brief consolidation at the LB followed by a move back to where we started.

B2 launched the second +5 and hit the +10 area, but was more like the +9 exit from yesterday.  B3 to B5 was a +10 to LB pullback.  This is a green light for another long.  EMA at the LB.  This is a classic entry in leg 2 away from the EMA.  +10 and +15 were quick to hit.

The 50CB was a great entry, and price moved back to the +10 area where we see a consolidation.  Consolidations have been discussed in prior blog posts.  This consolidation was the trend continuation variation back to the LB.  A final failure at the EMA MAXT, and we reverse back essentially where we started when the BOTs were calculated.

ES

Here is the YM.  Add the BOTs and see how the day developed.