The BOTs were set earlier than normal, and the MID location nearer the LB gave a hint of bullishness. The hint was good, and we saw a near BO 15 hit with the EMA playing support. If you miss the LB entry, then look a quality PB and play the trend.
5m CHART
THE DAILY LOOK
The bear reversal was good for us. It hit the 1340 support with relatively little bull movement. We were looking for a PB before the next leg into the 1500's. The recent low Signaled, and it was off to the races for the bull over the holiday stretch. What is interesting, we are at a key resistance which brings to question: do we get a double bottom before 1500? No signal back in August, but close for a double. We are closing in on an inverted H&S variation which bulls need to break.
THE 233M LOOK
The 233m chart essentially breaks the day into two trading zones: the AM and the PM. Each has different (perception) buy and sell characteristics.
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