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Category: Mid-day

Mid-day UPDATE
Not the trending day setup was influential and produced fresh noon hour lows, which reinforced its reliability. That reinforcement has gone on to produce even more sharply lower lows. Friday…
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Mid-day UPDATE
The A.M. renewed bias-down never produced a fresh post-10:15 low. It was also never rejected, and until then, the pattern remains vulnerable to producing fresh lows. Which it’s just now…
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Mid-day UPDATE
The post-open 25-point slide sucked a lot of oxygen out of the room, especially ahead of pre-FOMC anxiousness. The time since has spent absorbing its shock-to-the-system. Now an Iran headline…
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Mid-day UPDATE
Invalidating a cleanly triggered bias signal is already uncommon, let alone after having been confirmed by a new post-10:15 extreme, because the hurdle is much greater. Tue’s A.M. Reverse bias…
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Mid-day UPDATE
Gapping up through Mon’s 1st-15 would have produced a reliable A.M. window rally. That would have been constructive to forming a durable bottom. Not gapping up wouldn’t prevent an A.M….
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Mid-day UPDATE
Fri’s first hour had already satisfied 7656/7648 downside objectives, without any of its 1st-15-minute or half-hour windows gaining downside traction. So, the window became vulnerable to reversing up. RSIs avoiding…
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Mid-day UPDATE
While awaiting a required retest of the 7686 low’s oversold RSIs, a corrective bounce to 7708 was possible. In fact, a round trip up to 7713 was followed by a…
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Mid-day UPDATE
The A.M. window’s Reverse-bias was never confirmed any deeper than its pre-10:15 low. Its 7743 objective was invalidated from becoming unfinished business by exiting the window back above its 7777…
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Mid-day UPDATE
We don’t have control over the headline machine. Knee-jerk reactions can interfere with patterns and sometimes even introduce replacements. But once an objective is established, it tends to eventually be…
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