Category: Pre-open

Mon’s early lag resolved up. It was never heavy, only tentative, and dared not dip too deeply. Pullbacks were brief, and pauses were shallow. That’s the stuff of extreme sentiment,…
Last night’s gap down neutralized another oversold RSIs whose gravitational pull had required eventual intraday retest. Those had followed Wed’s gap-up, which leaves Tue’s pre-gap 6572. Retesting last night’s lows…
Fri’s pre-open CPI is being met by the consolidation at Thu’s highs highs. Thu’s highs met and held all existing upside objectives, attractions, and resistance (likely higher highs, their calculable…
Further rewarding Wed’s dip buyers, by not only retracing the open’s highs but also probing higher, is only obligatory — not required. And it would be further diminished by immediately…
Tue’s close left the burden of proof on sellers. Recovering above post-open highs was likely also to retrace overnight highs, and both were probed through Tue’s close up to 6674….
We had monitored for the unfinished business at Mon’s 6663 A.M. bias-up target to help launch a late-afternoon surge. Its weak-handed timing, combined with neutralizing the attraction above, would have…
Thu’s 1st-15 had not yet recovered the 6551-6554 pullback objective, (lower prior highs, which were tested overnight in reaction to Trump’s evening address). This left its recovery to be determined…
Wed’s probe above 6635-6638 higher prior lows (to 6555) was rejected through the close. Tue’s rally had held its test of higher prior lows and was vulnerable to reversing down…
Tue’s rally gained traction and can serve as a trend reversal. But it closed at the resistance of week-old higher prior lows. And that’s just the lower-end of a band…