AT the pre open we saw a bullish tone to the market. It was the preference until PA painted another picture. That picture came at the MAXT B2-3 setup.
[09:15] <CM> today watch for a bullish day key longer term levels and triple push is in the 46-48 area and former maxt resistance on the 60m charts open targets 1341.25-1338.75-1335.25
A preference is OK, but a PA signal should not be ignored. The MAXT at the mid level and the EMA (and a recent high in pre market) was a lower risk short that ran to the SB5 and stalled. One more push by the bears and longs regained popularity on B19, where traders should begin to consider a pull back to the SB, and a range run to the opposite BOT level at the LB. This was OK until an ascending triangle in the B50 area developed. Normally, this is a watch for a trend continuation BO higher, albeit they can fail. A closer look reveals a clue. PA is at the Mid range and the prior MAXT: a strong resistance dual.
[14:49] <CM> watch b64 65 developing now.. ascending triangle from b50 area top is those resist dt's posted earlier
A nice short back to the SB, where PA found a longer term support, and key levels to consider.
[15:51] <CM> late for today but longer term long holds 1331.5-32 765.5 2542 12610 areas
[16:00] <CM> hope someone added those longs ;)
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