Friday's Auction
via The Daily
As noted in Fri's analysis, focus on
response to undefined resistance at/near 50s, into Mon's auction was key as
selling interest entered into Fri's close, driving price lower to 48.70s.
Buying interest entered, driving price higher, achieving a Stopping Point High,
51.04s. Responsive sell programs entered, developing a Structural Selling Tail,
51.04s-50.70s, resulting in price discovery lower into the close. Focus into
Tue's auction on response to the Breakout Area/ Prior Resistance,
49.50s-49s.
Monday's Micro-Blog Excerpt
via The Daily
Noted here (highlighted in yellow) during Mon's NY auction was the appearance of initiative buy programs (IBP) at/near 49.15s-49.20s as clearing of stops above the Globex High, 49.30s, developed. The expectation was for price discovery higher with upside targets at Fri's Selling Tail, 49.60s-49.90s and Thu's High, 51.20s, respectively. Ultimately, IBP entered at/near 50.40s, driving price higher achieving a buyside momentum extreme in the order flow at/near 50.90s before making the Structural Selling Tail, 51.05s-50.70s, capping the auction.
Monday's Auction
via The Daily
