Category: Post-open

Globex’s initial bounce back into Fri’s range had already created the potential to repeat that behavior intraday. The likely objective of bouncing to the 61.8% retrace between up to Fri’s…
Overnight dips had repeatedly stopped optimistically short of actually touching Thu’s lows, but their ineffectual optimism nevertheless produced lower and lower lows. The latter had helped to discount a negative…
Backtesting had room to 6943-6944 before threatening a deeper pullback. Already dipping that deeply before the 1st-15 had lapsed made a probe under 6941 overnight lows likely, along with a…
Overnight’s rally extended higher through Wed’s open and was maintained through the 1st-15. Probing slightly higher since then suggests that pullbacks will be recovered for higher highs. Retesting the open’s…
Mon’s complex Head & Shoulders produced a fresh low, albeit a couple of points short of its likely 6823 target. Nevertheless, the complex pattern’s abrupt reversal up developed, as did…
The 1st-15’s gap fill back to Fri’s 6925 cash session close was rejected through 9:45, suggesting further selling into and/or through the A.M. bias window. The bullish WedEX influence suggested…
: Overnight’s rare expiration day 2-way market forecast intraday volatility, and that has already proved out. Trending since the 1st-15 has been headline reactions, and no calculable signal has exceeded…
Wed’s close created plenty of paths, and overnight price action created a few more, but no timing has yet given any resolution any greater benefit of the doubt. That’s still…
Wed’s 1st-15 was exited while testing Tue’s 6884 high, and the 2nd-15 lapsed while testing Fri’s 6898 high. The deeper pre-open dip didn’t diminish those tests for still signaling that…