We are in a mature balance stage on the 5 minute time-frame, all balance structures move to the initiative stage when an extreme of the range is surpassed. This is the same setup setup yesterday after the FOMC late rally except on a different time frame http://twitter.com/#!/kratrading/status/101044680199901184 No matter which way this breaks there's a trade opportunity. I tweeted the objective of the move earlier.
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