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Category: Wrap

Closing WRAP
Fri’s expiration session overlapped Thu’s range, and both sessions overlapped multiple other relevant resistances* to avoid buyers gaining traction. There’s still room to extend the bounce above Fri’s highs and…
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Closing WRAP
Thu’s pre-open highs fluctuated around Mon’s 7720 noon hour high. Thu’s post-open range mostly fluctuated around Wed’s 7699 noon hour high. Buyers gained no traction for their efforts, so extending…
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Closing WRAP
Until Tue’s entire post-open session spent under — and closing under — all prior lows, greeting Wed’s FOMC events from a position of weakness. So, did the collapse check all…
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Closing WRAP
Tue’s morning decline never quite resumed. The position-squaring exit at the afternoon range’s 7648 lower-end could have hovered there or even broken lower — if not for perfectly timed favorable…
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Closing WRAP
Mon’s late-morning high at the 7706 proxy gap was accompanied by 1-minute and 3-minute RSIs simultaneously overbought. That setup usually keeps the trend intact until it at least gap-fills Fri’s…
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Closing WRAP
Buyers became entrenched intraday, although a refueling dip was recovered only back up to intraday highs, no higher. The last 3 minutes into the close was overlapping the open, so…
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Closing WRAP
open so that gapping up through Fri’s 1st-15 above Thu’s 7619 highs would be credible for extending higher intraday, leveraged by the usual 2-day weekend illiquidity. That would be unusual…
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Closing WRAP
Confucius says that “no decision IS a decision.” Something along those lines describes Wed’s narrow, momentum-less afternoon range. Knowing that it precedes Thu’s pre-open PPI, we can assume the market…
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Closing WRAP
Through every timing window, tests of the predictive 7688 level were either late, isolated, or still being tested as support when it mattered. So, sellers never gained traction for their…
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