Monday's Auction
via The Daily
As noted in Mon's analysis, focus into Tue's auction on response to
Mon's Sell Spike, 57.90s-57.25s, was key as selling interest emerged there,
ultimately resulting in price discovery lower toward 56.11s near our Avg Daily
Range Low Expectation. Focus into Wed's auction on response to Tue's Sell
Spike, 57.50s-56.11s.
Tuesday's Micro-Blog Excerpt
Tuesday's Micro-Blog Excerpt
via The Daily
As noted here during Tue's NY auction
(highlighted in yellow)
- The early NY auction buyside directional attempt above the Globex High, 57.90s failed, implying at minimum a challenge of the Balance Low, 57.20s.
- Sellside rotation toward 57.20s after which initiative sell programs (ISP) entered at/near 57.50s, implying potential for price discovery lower.
- Key Downside Structural Levels included Mon's Key Structural Support, 56.40s. Ultimately, price discovery lower occurred toward 56.40s on its way to 56.11s into the NY close.
