Tuesday's Auction
via The Daily
As noted in Tue's analysis, focus on
response to the Undefined Low, 47.50s, in Wed's auction was key as selling
interest emerged there driving price lower to a new Stopping Point Low, 46.68s.
Responsive buying interest emerged there as short covering inventory adjustment
developed up to 49.30s the remainder of the auction. Focus on potential for
Balance development, 50s/49.50s-47s, into the Thu's auction.
Wednesday's Micro-Blog Excerpts
via The Daily
Noted here is the development of the Stopping Point Low at/near 46.80s during the Globex auction and the price discovery potential in the event the Stopping Point Low held as support on any retest/pullback.
Following the price discovery higher, noted is the significance of the HVN (High Volume Node), 48s, holding as support, our expectation for price discovery higher and the initial upside targets, including 49.30s.
The market ultimately traded to the 49.30s
Wednesday's Auction
via The Daily
