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Category: Wrap

Closing WRAP
likely came on the market’s radar after Mon’s day-1 of the setup. Alternatively, the market is taking its time to digest the only other influential event which did not stick…
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Closing WRAP
No doubt, the impending Quad Witch expiration and 3-day holiday weekend could be interfering with the organic pace of the Gap&Pause setup. FOMC isn’t necessarily the catalyst extending day-2’s pullback,…
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Closing WRAP
Tue’s pullback day persisted through the last drop, which persisted through the 7588 close, neutralizing the final hour’s simultaneously oversold RSIs from 7584 that had required a retest anyway. The…
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Closing WRAP
Gapping up and extending into the noon hour and could have extended higher this afternoon. Or, this afternoon could have retraced more than 61.8% back to the 7599 post-open low….
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Closing WRAP
Fri’s afternoon range was supported at Thu’s 7420 high [basis Mar, 7482 Sep] and closed higher. Globex and post-open higher highs weren’t extended, but that lack of upside momentum wasn’t…
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Closing WRAP
Iran headlines triggered Thu’s P.M. window surge, which extended higher through the close. The morning’s dip against bullish Globex-flip influence helped, stretching the rubber band to better enable the headline…
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Closing WRAP
Counterbias trending had probed above the 7319 P.M. bias-down signal during the afternoon’s bias-down window. It suggested that buyers were champing at the bit to end the intraday detour down…
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Closing WRAP
Price action had told us early to expect something significantly bearish coming around the corner. It turned out to be bearish price action, itself. The hints being dropped were the…
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Closing WRAP
Globex’s bounce essentially defined a correction of Fri’s collapse. Its 7472 high was probed momentarily by 3 points during the A.M. bias window, completing a 61.8% retracement back to Fri’s…
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