As noted in Tue's analysis, focus on
response to 49.86s was key in Wed's auction as selling interest drove price lower toward the Avg Daily Range Low. Focus into Thu's Globex will center upon response to Key Structural Resistance, 50s-50.30s.
Wednesday's Micro-Blog Excerpt
via The Daily
As noted here, the sellside climax occurred at/near the Avg Daily Range Low, 48.05s, resulting in rejection of the low and formation of the Structural Buying Tail, 48.10s-48.60s, implying the potential for price discovery higher. Ultimately, the buyside probability path unfolded toward the Tue Sell Program Resistance area provided.
Wednesday's Micro-Blog Excerpt
via The Daily
As noted here, the sellside climax occurred at/near the Avg Daily Range Low, 48.05s, resulting in rejection of the low and formation of the Structural Buying Tail, 48.10s-48.60s, implying the potential for price discovery higher. Ultimately, the buyside probability path unfolded toward the Tue Sell Program Resistance area provided.