Overnight:
The market has balanced during the Globex session within Wed's upper cluster, 103.40s-104.20s, following Wed's buyside directional phase.
Focus on response to Prior Overhead Supply, 103.80s-104.40, into the Pit session.
Our daily statistical study plotting key reference levels/price for 01Oct & projected levels/inferential analysis for 02Oct.
Result?...
The market continued the development of the multi-day Balance, 101s-102.80s, before buy programs entered, driving price out of balance, ultimately achieving the Stopping Point, 104.23s, at/near the Daily 2nd Std Dev High.
Knowledge of the phase of market development, Balance, along with the statistical levels informed our subscribers of the potential destinations in the event of a change in the market phase from Balance to Trend to best inform trading decisions, in congruence with market structure.
Holistic analysis based on the market generated data and probability logic.
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