The Bulls Were in Charge, Long and Short Positions Were Revealed

Another great trading day, where the open range provided support and the bulls were in charge, long and short positions were revealed. Several DA setups played out perfectly throughout the morning and afternoon sessions. With the right trading plan and proper management, days like today offer many opportunities to the astute trader. Although upward momentum seems to be stalling, watch for a break up or severe break down, as resistance levels are being tested.

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