Wednesday's Auction
As noted in Wed's analysis, focus on
Wed's Sell Spike was key in Thu's auction as the minor range extension above
the Spike High, 44.72s, elicited selling interest and a false buyside breakout
above the Globex D shape distribution. Price discovery lower then unfolded as
longs liquidated before buying interest emerged at/near 43.90s, driving price
back toward Wed Settlement to close largely unchanged. Focus into Fri's auction
on 43.90s-44.20s buy program support area.
Thursday's Auction
via The Daily