Friday's Auction
via The Daily
As noted in Fri's analysis, focus on
response to 44.80s-45.40s, into Mon's auction was key as selling interest
entered early in the Asia auction, ultimately driving price lower toward the
Avg Daily Range Low. Focus into Tue's auction on response to the Stopping Point
Low, 42.85s, at/near Major Structural Support.
Monday's Micro-Blog Excerpt I
Monday's Micro-Blog Excerpt II
Monday's Micro-Blog Excerpt I
via The Daily
Noted during Monday's auction
(highlighted in yellow) :
- Initiative sell programs (ISP), 44.15s-44.10s, enter. Expectation for price discovery lower.
- A Structural Selling Tail, 44.50s-44.25s, held, implying potential for price discovery lower. Key downside reference levels, Fri's Low (43.57s) and the Avg Daily Range Low (43.06s).
- Price discovery lower developed toward Fri's Low, sellside momentum low achieved at/near 43.18s, near the Avg Daily Range Low before the Stopping Point Low, 42.85s, was achieved.
Monday's Micro-Blog Excerpt II
via The Daily
Noted during Monday's auction
(highlighted in yellow):
- Price discovery toward the Avg Daily Range Low, where a Bullish divergence of Price and Volume Delta developed.
- Responsive buy programs (RBP) enter at/near 43.05s-43.10s before short covering inventory adjustment develops.
- Buyside momentum extreme developing at/near 43.30s, before the the price high near 44s capped the market, developing Balance.
