PA will run in a range for x ti e before breaking out for a new extended run. The range may be narrow for daily efforts to a wider weekly range. Either way, consolidating action is followed by a move in the market. Today we got that move and it was expected:
Last evening
[16:28] <CM> not much change for the ES daily small range bars at resistance looking nice for an extended move..
And the BoT Levels for today
[07:53] <CM> the areas to watch today for LB SB (chart deleted)
[07:54] <CM> 1406.8 (1407) 1403.28 (1403.25) mid area at 1405
Range identified; signals for the buyers and a reversal at the SB: a range run followed by a BO5.
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