OK, Facebook could not save the market. Now we can get back to business.
The overnight action moved lower and found support around 93-94. PA would run bullish but could not break the long BOT. In fact, we had two failed attempts that produced LB Gaps. We were not confident that the market could hold through the US Market.
[07:41] <CM> good morning (or night ) it has been an over night bonanza
[07:43] <CM> hard to say if us open will follow through but the bot targets today for us mkt 1311.25-07.25-02.25 (link deleted) prior buying at 93 area and 1301 has developed a bear channel and a bo of yday bear channel
A pre open LB attempt failed followed by B17-18 failure in the US Market. Another weakness noted was the EMA holding close to the Mid BOT (not an arithmetic middle, i.e. (H-L)/2). The Bear channel developed sending PA back to where we began.
Run and return,,,
A late pop at the end offered a quick CT trade for the longs, but it was the end of the day that was ending the week. PA had decided to settle in the 1290-92 area.
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