Friday's Auction
via The Daily
As noted in Fri's analysis, focus into
Mon's auction on response to 52s-52.50s, was key as selling interest emerged
there during the Asia auction driving price lower developing a Gap Lower open.
Consistent with the structural market data, the Gap Lower implied an asymmetric
potential for lower prices and this probability path played out as price
discovery lower continued to the Daily 1st Std Dev Low. Focus on response to
49.95s, into the Tue's auction.
Monday's Micro-Blog Excerpt
via The Daily
Noted here is the formation of the Gap
Lower open potential. Based on the market generated data, this condition implies asymmetric potential for lower prices. This probability path ultimately played out toward our Daily 1st Std Dev Low expectation.
