Category: Post-open

BEWARE: Fluctuation is so unusually wide that normal stops produce multiple whipsaws, and wider stops won’t be triggered until a move has detoured substantially. Exiting Mon’s 1st-15 back above Fri’s…
Counterintuitively, one of the more bearish recent contextual clues might enable that countertrend rally, and that is how hope continues to spring eternal despite every rally failing. So, having created…
The 6629 open is unfinished business below whose gap wants to be filled from above. Its attraction would help this morning’s failed bounces to launch a new downleg. Alternatively, a…
Overnight’s bounce wasn’t exactly restrained optimism. But hovering narrowly at Tue’s highs was perfectly postured to either launch a rally in reaction to PPI, or at least to absorb its…
Strategy Planner had focused on the inverted Head & Shoulders-like pattern that defined overnight’s low, and that moment’s narrow consolidation around 6743-6744. I described the fluid situation as being likely…
Crude oil has continued its pullback from attacking overnight highs. Meanwhile, ES has coincidentally extended its recovery to come well within the orbit of Fri’s 6783 9:45 print that was…
You CAN believe your lying eyes. At least three bullish set-ups triggered at the 1st-15’s 9:45 exit, but are being ignored by a deep A.M. window slide: Bullish Globex-flip isolated…
The overnight drop’s probe under Fri’s midday reference range had tried to recover back above its 6738-6756. Twice. Thu’s 6727 open already rejected it. The 6698 likely interference to the…
A pre-open bounce back to the bias-up signal didn’t prevent another drop to the bias-down signal, and that swing didn’t prevent another, wider swing. The multiple preceding swings didn’t foreshadow…