THE levels remained unchanged for 12/27 and PA ran the range to BO at the SB, pushing deeper into the 1400's to attack the magical bull target of 1400. At least it was the target no so long ago as bulls were running for 1450+ after conquering the 1400.
A B1 and 2 was a 2b doji, and B3 tried to run for the bulls but failed to break the LB. B3 was a 50CB for the short with a known risk to the LB. The rules: a FBO of a level is expected to run the range and attempt a BO at the opposite range. That range today was 10 points! PA began to gap the EMA at B7.
B B10 breaks the SB and is a 50CB bar not tested until later in the day. We still had a gap to the EMA, the B10 50CB was not tested, PA was stopping at 1407. Read: strong bear. BO to run for +5.
C B38-39 is a reversal. 2b doji with B40-41 breaking the 50CB of B37. Look for a run to prior level.
D B46 doji and gap to the prior level creating some new selling that was stalling around the 1400 and the BO-10 at 1399.
E The PA. setting higher lows at B52-62 from the B38 lows. was consolidating. The BO will be the entry with longs at the 50CB's of B60, 58. and 47. Additional entries: the BO-10 or the EMA. The FBO here is likely to run to the prior level. With the strong gap to the EMA. this bull is likely to run.
F A 2b doji at a level with signals: exit time. Exhausted run.
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