Overnight:
As of 730 CST,
the market has auctioned mostly within Friday's Sell Spike, 105.40s-104.50s, probing the low toward the Major Structural Support Level, 104.20s, stopping at/near 104.10s.
Focus remains on response to Major Structural Support at/near 104.20s into Pit session.
Our daily statistical study plotting key reference levels/price for 19Sep & projected levels/inferential analysis for 20Sep.
Result?...
The Structural Selling Tail held as resistance, implying the potential for price discovery lower. Sell programs drove price lower, ultimately achieving the Stopping Point, 104.50s, at/near the Avg Daily Range Low.
Knowledge of the Structural Selling Tail formation along with the statistical levels helped inform our subscribers of the implications of the market response to the Selling Tail and potential destinations for the auction to best inform trading decisions.
Holistic analysis based on the market generated data and probability logic.
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