Our daily TPO profile graphic for 29Jul,
showing the monthly (left) & weekly (right) timeframe distributions, identifying the key Structural Support area, 102.70s-102.30s, in the event of a sellside directional breakdown below the upper trade cluster, 104s-109s.
Our daily statistical study plotting key reference levels/price action for 29Jul and projected levels/inferential analysis for 30Jul.
Additionally, the daily range frequency table identifies the statistical range amplitudes and number of sessions achieving each amplitude. Recent behavior shows of the prior 21 NY sessions in July, only 4 exceeded the Daily 1st Std Dev Low.
Result?...
Sell programs drove price lower from Major Structural Support, 104s, achieving the Stopping Point, 102.73s, at/near the Daily 1st Std Dev Low, developing Balance into the close.
Knowledge of this data helped inform subscribers of the location, 102.70s, and the statistical likelihood of this level holding as support on a confluence of structural, statistical, and order flow signals.
A holistic view based on the market generated data and probability logic.
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