Wednesday's Auction
via The Daily
As noted in Wed's analysis, focus on
potential for Balance development, 50s/49.50s-47s, was key in Thu's auction as
listless, largely VWAP algo Balance trade around 48.70s occurred. A Structural
Buy Spike, 47.73s-48.93s formed into the close. Focus on response to Buy Spike
into Fri's auction.
Thursday's Micro-Blog Excerpt
via The Daily
Noted here is the Globex Balance development and the implication of mature Balance Areas offering the greatest potential for directional activity. We noted the initiative sell programs (ISP) emerging from the High Volume Node (HVN) at/near 48.80s. Finally, the implication of acceptance below 48.40s was for price discovery lower with destinations of 47.70s (Wed's NY Low) and the Structural Stopping Point Low, 46.80s. The 47.70s were achieved as this probability path played out.
Thursday's Auction
via The Daily
