Recall that Fri’s downlegs were likely sponsored by weak-handed sellers (counterbias and no-bias trending, Iran headline catalysts, held above prior intraday highs, multiple unfinished business created above). The detour can…
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Wed’s post-close wide swings that repeated overnight had signaled Thu’s potentially relentless move. Its new highs neutralized all prior upside targets, while also testing 7253 and 7258 attractions. Not only…
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Multiple swings around unchanged, containing individual discernible patterns and their influence, essentially invokes the Alternation rule. This suggests the next window will trend relentlessly. Meanwhile, the multiple wide swings reflect…
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Overnight highs up to 7188 essentially fluctuated around Tue’s opening 7177-7180 sell entry. Chipping away at that area’s resistance both intraday and overnight helps its post-open probe to extend higher….
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Not all Globex Trend Extremes are created equal. Last night’s highs are similar for forming early, and then also for trending down into the open. But today’s open is indicated…
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Overnight’s mixed bag of sound and fury doesn’t necessarily signify nothing. While either bias signal held tests to produce a sideways range, their alternating attempts does suggest we won’t be…
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Thu’s P.M. recovery above 7125-7138 hasn’t been challenged overnight. But don’t read too much into Globex’s improvement above it. It lacks momentum, having only ranged sideways. And it hasn’t gained…
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We have high confidence that the overnight price action is related to the recovery attempt. So, what? For one thing, the bigger picture over multiple sessions could be determined by…
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Overnight’s flat-to-higher pattern is similar to the restrained optimism that had developed after Mon’s close. But that went further, becoming a rally back to prior highs, and already reversing down…
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