Tuesday's Auction
via The Daily
As noted in Tue's analysis, focus into Wed's auction on response to
Tue's Sell Spike, 57.50s-56.11s, was key as responsive trade developed near
both Spike Edges, developing Balance. Focus into Thu's auction on response to
56s-55.70s.
Wednesday's Micro-Blog Excerpt
Wednesday's Micro-Blog Excerpt
via The Daily
Noted here during Wed's auction
(highlighted in yellow)
- Following the Stop clearing above the NY Initial Balance toward 56.80s, the Buyside response was key in confirmation/negation of the Buyside directional attempt.
- Responsive sell programs (RSP) entered at/near 56.95s, developing a Structural Selling Tail, 57.20s-57s, as Net Sellside Delta reached new highs, implying the potential for price discovery lower back through the Balance. Ultimately, the market traded back toward 56s as two-sided rotation continued.
