Wednesday's Auction
via The Daily
As noted in Wed's analysis, focus on response to 48.50s-49s, the NY Selling Tail in Thu's auction was key as selling interest entered there, driving price toward the Avg Daily Range Low. Focus on response to 46.80s-47.15s into Fri's auction.
Thursday's Micro-Blog Excerpt
via The Daily
Noted here during Thu's auction
(highlighted in yellow):
- Initiative sell programs (ISP) at/near 48.12s-48.05s following the development of a Structural Selling Tail, 48.60s-48.35s.
- Key downside reference levels including Wed's Buy Program Support, 47.70s, where the sellside momentum low developed.
- Ultimately, price discovery lower continued to 46.86s.
