Category: Mid-day

Fresh session high is into the noon hour don’t require extending higher today. The gap-fill back to Fri’s 6888 cash session close wasn’t exceeded to suggest reinforcements had arrived. But…
The A.M. renewed bias-down window’s bounce was still deep in negative territory and overlapping the first hour’s highs to prevent marginalizing sellers. The burden of proof remains on buyers, and…
Retracing the A.M. window’s 6919 bounce back down to the 6880 area was described here in the previous update. It helps to form a more reliable bottom, and so far…

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Downside risk was minimized by entering the noon hour above Mon’s 6869 P.M. window highs. That included some interim complexity to distinguish that price action from the earlier overlaps of…
Downtrending persisted relentlessly and substantially through the A.M. bias window, ignoring any bullish WedEX influence. And now 2 bounces off the A.M. window’s simultaneously. oversold RSIs are detouring from 6833’s…
Not for lack of trying or for lack of proximity, but the noon hour was not entered at fresh session highs above the first hour’s 6925 highs. But earlier ineffectual…
The 6884 A.M. bias-down signal was required to define the window’s upper-end and it did. When that requirement lapsed into the noon hour, buyers didn’t exploit it. Trending down to…
Flat-to-higher ranging around 6918 has persisted, consolidating the A.M. window’s rally between the recent low range’s upper-end, and the prior high range’s lower-end. Not yet resuming the rally isn’t necessarily…