Friday's Auction
via The Daily
As noted in Thu's analysis, the focus
into Fri's auction on response to developing Balance, 46.40s-47.70s, was key as
selling interest drove price below 46.40s, Key Structural Support, confirming a
false Buyside breakout toward the Avg Daily Range Low. Focus into Mon's auction
on response to Fri's Sell Spike.
Friday's
auction saw a structural Gap Lower open. Based on the market generated
data, this market structure implied asymmetric potential for lower
prices. The market ultimately saw price discovery lower toward the Daily 1st Std Dev Low.