Thursday's Auction
via The Daily
As noted in Thu's analysis, focus on response to 51s in Fri's auction was key as initiative sell programs entered at/near there, on "bullish" NFP and rising USDollar, driving price lower toward Wed's Key Structural Support. Focus on response to 48.90s into Mon's auction.
Friday's Micro-Blog Excerpt
via The Daily
Noted here during Fri's auction (highlighted in yellow):
- Initiative sell programs (ISP) at/near 50.45s and the expectation for price discovery lower.
- Key Downside References including our Avg Daily Range Low expectation, 48.86s.
- Sellside Momentum extreme achieved at/near 49.80s with implication for lower price low.
- The market ultimately traded to 48.88s, at the Avg Daily Range Low.
