Tuesday's Auction
via The Daily
As noted in Tue's analysis, focus into
Wed's auction on response to 50.80s was key as Globex selling interest drove
price from 50.80s lower, achieving the Stopping Point, 49.60s. Buying interest
entered, driving price higher toward 51s before initiative buy programs
entered, driving price toward 52s. Focus into Thu's auction on response to the
Breakout Point/Prior Resistance, 51.10s.
via The Daily
Noted here (highlighted in yellow):
Wednesday's Micro-Blog Excerpt
via The DailyNoted here (highlighted in yellow):
- Early in the NY auction was the filling in of the Buying Tail, 50.50s-50.70s, amidst increasing Sellside Delta, implying the potential for price discovery lower.
- Initiative sell programs (ISP) at/near 50.70s-50.65s. Downside Reference Levels included Tue's Low, 49.44s.
- Sellside momentum extreme was achieved at/near 50.35s, noting price extremes usually follow momentum extremes. Ultimately, the market auctioned to 49.60s, near Tue's Low, before halting the downward auction.
Wednesday's Auction
via The Daily