THE 8/2/12 BO LEVELS BREAK 8/3/12

BOT TRADING SYSTEM

YESTERDAY  we discussed the need for PA to test lower levels to extract all shorts and find bull support.  Today the upper limits PA tested yesterday were broken.

The bias today was long from the open.  Actually, we were long from the 1354 support and still had a long bias entering the US Open.


 [08:30] <CM> BoTTERS are long from 54 and looking for 84 test (chart deleted)

 [08:32] <CM> don't be shocked at 88-92 attempt

 [08:35] <CM> 6e tested the 50cb b23  ema support  look for another leg for bulls  not interested in short there until 2160 test  (chart deleted)


[08:41] <CM> RF +10 6e as we speak...

[08:42] <CM> +20
[08:43] <CM> 2284 +30
[08:43] <CM> buys taking exits 6e

 Question was ask "how do you know"   and a 1m chart with sell signals was provided.  However, it was a 1m chart and normally will exit part on 1m but balance waits for the 5m to sell.

[08:46] <CM> pb for more long  initial exits until 5m sells



6E

and the closing warning: a MAXT  that can be a major reversal.

ES TODAY: