OFTEN traders will review the day in chat while looking for productive after hours trades. We had a significant buy signal on Thursday, actually two break out ten signals, and PA reversed and ran the BOT Range for a BO-5 (5 points beyond the Long BOT) and a test of the important 1324.5 area. The 24.5 was important on Wednesday.
Quoted just prior to the break out: [22:42] <CM> this is es daily we are headed for a significant bo (chart deleted)
The chat got lively as the PA soared, and ended the US Market some 35 points above the Long BOT. BOT (break out targets) were developed to target the PA area where the advantage one side (position) is favored over the opposite position. Beginning with that BO-10 buy signal, Bull/long/buy became greater than Bear/short/sell
5m Two Day Chart
Range Run with a Long BO with a very strong bullish Trend Line.
The Daily Look
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