Monday's Auction
via The Daily
As noted in Mon's analysis, focus on response to Key Structural
Support, 50.20s-50s, in Tue's auction
was key as selling interest entered there, driving price lower toward the Avg
Daily Range Low. Focus into Wed's
auction on response to 48.20s.
Tuesday's Micro-Blog Excerpt
Tuesday's Micro-Blog Excerpt
via The Daily
Noted here during Tue's auction (highlighted in yellow):
- Clearing of Globex Stops early in the NY auction below, 49.45s, and the implication of the Sellside response that followed.
- New low in Net Delta upon the breach of Globex Support.
- Selling interest, 49.35s-49.30s and the expectation for price discovery lower.
- Key Downside Reference Levels including our Avg Daily Range Low, 48.14s.
- Ultimately, the market traded to 48.20s, near the Avg Daily Range Low.
