Wednesday's Auction
Thu's auction saw minor retracement
toward 58.40s within the context of developing Balance, 58.40s-59.40s,
following Wed's Buyside Directional Breakout. Focus into Fri's auction on
response to the current Unsecured High, 59.85s.
Thursday's Micro-Blog Excerpt
via The Daily
Noted here during Thu's auction
(highlighted in yellow)
- Following buying interest at/near Wed's Breakout Point, 58.85s, a d shape distribution developed, 58.50s-58.90s, implying the potential for directional price activity.
- Initiative buy programs (IBP) entered at/near 58.70s-58.75s, as the expectation for price discovery higher developed based on structural and order flow developments.
- Key Upside Reference Levels including Low Usage Resistance Overhead, 60s. Ultimately, the market traded higher toward 59.85s.
