THE day after the US holiday was, BORING. Trends did develop to make both sides happy in a day the markets were flat, down, and trying to recover.
2000 Tick Look:
The early pre market three pushes was a strong sell contender with viable PB Longs and a secondary shorting area on the way to a key support level. A level that paid nicely to those that were watching PA.
The level did reverse for longs back to the 1363-1365 area. A tight range bound middle, with selling in the afternoon stopping at a higher low.
5 Minute Look:
Again, a clear three push area for shorting with a secondary entry down to the support where the reversal longs entered. The final selling hit a higher low resistance where a long was signal.
and the follow up sell signal to end the day. All-in-All, a somewhat boring day but trending opportunities made both sides happy.
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