Friday's Auction
via The Daily
Mon's auction saw no retest of Fri's Low as Fri's Structural Buying Tail held as support, resulting in price discovery higher toward 50.80s in a double distribution trend structure. Focus on response to Key Structural Support, 50.20s-50s, into Tue's auction.
via The Daily
- Responsive Buy Programs (RBP)e enter at/near 49.45s as Offers were pulled shifting the risk to the Sellside at/near the Low as expectation shifted to price discovery higher.
- Upside Reference Levels including 50.50s (Fri's High) and 50.95s (Fri's Upper HVN).
- Buyside momentum extreme was achieved at/near 50.10s as expectation for a higher price high continued.
- Ultimately the market achieved a price high, 50.80s, at/near Fri's Upper HVN.
Monday's Auction
via The Daily