Last evening we commented about the nature of this bull.
[21:38] <CM> 1250 2350 12000 within reason for bulls. Everything except the kitchen sink was thrown at this market, and it still favors the bull, which means continue to look long and keep an eye out for a surprise Dow 3-400 sell off this week.
The bull was quick to deliver the ES 1250 and the NQ 2350, and falling short of the YM 12000 (for Monday at least) by about 120 points. But not bad, considering it was around 11720 when the comment was released.
The US open was in a bull channel and holding at the lower channel line and the Mid BOT, with a 50CB at the EMA. GREEN LIGHT. LONG! The LBBO 10 later hits 1250 and a flatness for the exits.
A secondary push followed by a bearish channel ended the trading day.
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