Our daily TPO profile graphic for 03Jan.
This graphic clearly shows New Year's week's breakout
above the December distribution. Plotted
are Support (blue), Resistance (red), & Points
of Control (green) which provide
insight into levels of significance based on market
structure helping clarify levels of significance.
Our daily statistical study plotting both key
reference levels & price action for 03Jan and
projected levels for 04Jan.
Result?...
Following the balance phase of 03Jan,
the market sold off during Globex session
of 04Jan toward the 1st Std Dev Low, (91.61s),
referenced on 03Jan.
The market achieved a stopping point at this level
of statistical significance, buy programs entered,
and the market rallied for the remainder of the session
into the pit session close.
These graphs help provide a holistic view
based on the market generated data, not opinion,
to inform the participant of both statistically
probable destinations for the auction & major resting
supply/demand clusters which usually halt buyside or
sellside auctions.
Thus, more efficient trade entry & exit.
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