Friday, August 2, 2013

Aug 2 opex chart

Friday -- always difficult, usually range bound and today was no exception  with /tf -- closing essentially right on unchanged.

/tf - had to be patient -- the TL was finally established at 2:30 pm and then -- was OVER by 2:40 and that was pretty much for 20 ticks....

So as expected... minimal opportunity unless your plan is different.

/tf: rangebound Friday as expected

side by side with 30 min candles shows how today's low made perfect sense -- merely a touch of the developing TL.

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