Our weekly TPO Profile graphics for 02Aug.
Plotted: Structural Support (blue), Resistance (red), and Points of Control (green).
The graphs show the monthly timeframe development (left)
of Jul's buyside directional phase, 96s-108.90s,
followed by Jul's Balance Phase, 107.40s-104s.
Last week's auction (right) reflected rotation within the
larger Balance Phase in development, 102.70s-108.90s.
Our weekly statistical study plotting key reference levels/weekly close for 02Aug, projected levels/inferential analysis for 09Aug, and weekly range frequency table.
Result?...
The market balanced early week, 107.70s-106.70s, around last week's Settlement, 106.94s, before sell programs entered at/near 107s, beginning a sellside directional phase.
Price discovery lower continued into midweek, achieving the Stopping Point, 102.20s, at/near the Average Weekly Range Low. A Structural Buying Tail, 102.20-102.50, emerged late Thu at prior Structural Support as buy programs entered, shifting the order flow balance for the week. The market auctioned higher for the remainder of the week, achieving the Stopping Point, 106.20s, within the upper supply cluster, 106s-107.40s, from last week, closing the week at/near 106s.
Ultimately, this week's auction continued the rotational development within the larger timeframe Balance, 102.70s-108.90s, which began in Jul following the large buyside directional phase.
These studies helped inform our subscribers of the structural phase of development (Balance), allowing alignment of appropriate strategy in conjunction with key Structural Levels, providing quantifiable destinations in congruence with the market structure.
Holistic analysis based on the market generated data and probability logic.
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