TRIPLE witching expiration and a market moving like a new skater on ice: slow and steady. The long bias was in play and began to be revealed with the growing gap to the short BOT (SB).
The PA rose in an ascending triangle and found it difficult to cleanly break the upper trend Line (TL).
Continued pressures on the Long BOT (LB) at 1330.75 took it's time but finally gave us the LBBO-5 target with some change to spare.
It is BOT Theory that a successful BO will hit a 5 point target. Failure is deemed a reversal strategy. Today, the focus stayed with the long bias.
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