Category: Wrap

Tue’s low contained a 61.8% complexity that was exploited by exiting the A.M. bias window back above the open’s highs. The balance of the session exploited the reversal by extending…
Mon’s cash session close went out overlapping Fri’s 6888 cash session close, unchanged despite the significant overnight detour and intraday gap down. More important is that Mon’s close was overlapping…

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Retracing sellers gained no traction from Thu’s first-hour plunge to 6871, and buyers gained no traction from the afternoon’s wide-ranging bounces up to 6927. I would dismiss the lack of…
Higher prior lows at 6955 were probed after Wed’s P.M. bias window lapsed. The fresher the recovery, the more vulnerable to being reversed by gapping down through Thu’s open. Avoid…
Tue’s blip-down that reversed up throughout the balance of the session is structurally similar to Fri’s low. Recall that Fri’s low had this nagging likelihood of being retested, which Mon’s…
Between rejecting the 1st-15’s gap-fill above, and entering the A.M. bias window back at overnight lows, the open’s relentless and substantial drop expended a lot of selling pressure. The bullish…
Fri’s rally was not unlikely, but it was likelier to have developed after a slightly lower detour to 6838-6843. The open’s momentary blip-down barely pierced Thu’s low to 6848 before…
Thu’s pre-open fluctuation around Wed’s 6874 lows probed lower and lower through several intraday timing windows, but sellers never gained traction for their efforts. Intraday bounces all held resistance and…