[08:35] <CM> ES PA completed range run to the bo-5 (1500.5) after the bo-10 (1505.5) was a fbo hit 1498.5 which was in the area discussed yday that bears would try to test (support) [13:11] <CM> bears will want to test 1497-1498 support at 1497.5 in hopes to put 1500 to rest.. new buyers were waiting there..
[09:30] <CM> range for 1/30 1504.5-1502.25-1499.75
A range bound day at the start that gave way to selling at the end of the day. The selling broke the bull channel and the SB to run to prior support levels at 1497.5 and 1493.5.
Early shorts at the beginning of the day followed by SB longs. The gap to the LB was bearish and a BE short failed at B22 where we were expecting another bear push to the SB. Given the nature of PA the stop was at BE 1503 which hit. Right direction, tight stops.
PA developed a second gap and the selling to the 97.5-93.5 supports hit.
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