Thursday's Auction
via The Daily
As noted in Thu's analysis, focus on
response to Thu's Buy Spike was key in Fri's auction as selling interest
emerged at/near the Spike High resulting in sellside rotation through the
range, encountering buying interest at/near 47.16s, consistent with larger
Balance development, 46.80s-49.50s. Focus on continued development of Balance
into Mon's auction.
Friday's Micro-Blog Excerpt
via The Daily
Noted here is the initiative selling from the Globex HVN, implying the potential for price discovery lower. Later, we noted the ISP (initiative sell programs) entering and the destinations were 47.70s (Thu's Buy Spike Low) and 47s (Wed's Buying Tail). The market ultimately traded to 47.16s.
