As noted in Thu's analysis, focus in Fri's auction on response to Thu's Sell Spike was key as buying interest drove price aggressively higher, developing Balance, 49.50s-48.80s, through most of the Globex and NY auctions as end of the month position squaring occurred. Initiative sell programs entered at/near 49.30s, driving price aggressively lower, encountering buying interest, rejecting the low, forming a Structural Buying Tail, 48.45s-48.75s. Focus on response to undefined resistance at/near 50s, into Mon's auction.
Friday's Auction
via The Daily
