Wednesday's Auction
via The Daily
As noted in Wed's analysis, focus on
response to Wed's Buy Spike was key in
Thu's auction as selling interest drove price toward the Buy Spike Low,
48.80s. Buying interest entered as the Buy Spike Low held as support. Focus on
response to the developing D shape structure, 44.80s-46s, as potential for
directional activity grows into Fri's auction.
Thursday's Micro-Blog Excerpt
Thursday's Micro-Blog Excerpt
via The Daily
Noted here in Thu's auction
(highlighted in yellow)
- Responsive buy programs (RBP) at/near 44.95s-45.10s. The market traded modestly lower toward the Avg Daily Range Low Expectation at/near 44.77s.
- Implications of the failure of the Sellside at/near Key Structural Support (Wed's Buy Spike Low), 44.65s-45s.
- Ultimately, responsive buy programs (RBP) entered at/near 44.90s-44.95s, halting the downward auction, resulting in short covering inventory adjustment higher toward 46s.
Thursday's Auction
via The Daily