Overnight:
As of 630 CST,
the market has balanced, 94.50s-95.20s, around Wed Settlement, 94.80s, within the Wed's Upper Cluster.
Focus on response within near term Balance, 94.50s-95.40s, into the ECB announcement & Pit session.
Our daily statistical study plotting key reference levels/price for 05Nov & projected levels/inferential analysis for 06Nov.
Result?...
Following the development of the Structural Stopping Point, 93s, buy programs drove the market higher, adjusting the short inventory higher, achieving the Stopping Point, 95.40s, at/near the Daily 1st Std Dev High.
Knowledge of the phase of market development, the Tue Stopping Point Low, at/near 93s, along with the structural & statistical levels informed our subscribers of potential destinations in the likely event of a Balance phase development following the Stopping Point Low. In this case, long positions toward the Avg Daily Range High, 94.73s, and Daily 1st Std Dev High, 95.21s, offered asymmetric opportunity, in congruence with the market structure.
Holistic analysis based on the market generated data and probability logic.
Interested in what to look for tomorrow?