Friday's Auction
via The Daily
As noted in Fri's analysis, focus into
Mon's auction on response to continued Balance development, 56s-58.50s, was key
as filling of the double distribution, 55s-59s, continues. Focus into Tue's
auction on response to 56.50s.
Monday's Micro-Blog Excerpt
via The Daily
Noted here during Mon's auction
(highlighted in yellow)
- Controlled selling from the Stopping Point High early in the NY auction, forming a Structural Selling Tail, 57.90s-57.70s. This structural development implied the potential for price discovery back lower through the Globex range.
- Both the false Buyside breakout and Selling Tail developments implied price discovery potential lower. Initiative sell programs (ISP) entered at/near 57.40s, and ultimately, the market auctioned to both the Globex Low and Fri's NY Low Areas before a halt in the sellside auction occurred.
Monday's Auction
