Category: Wrap

Fri’s bounce didn’t answer questions so much as it replaced them. Thu’s drop had fulfilled the minimum objectives of two separate bearish patterns, opening the door to launching a recovery….
Consolidating at or under 7715-7720 kept the door open to the decline extending through Globex lows. And the decline went so far as to fulfill the minimum objectives of two…
Wed’s pre-open Treasury headline may have crowded out the organic bullish Globex-flip. It was threatening to recover from fresh overnight lows around 7700 back above the 7707-7717 Globex open range….
A very last-minute blip-down finally probed the A.M. bias window low to barely satisfy the noon bearish trending day setup’s minimum likelihood for a fresh low. Previously, the bearish setup’s…
Overnight’s rally had fizzled away before Mon’s open, and never attracted stronger-handed buyers to launch another bounce. The A.M. window’s Alternation setup produced relentless afternoon trending, which is likely to…
At least two setups formed through Thu’s open that suggest its 7839 high will be retraced entirely, but nothing requires it. If the market intends otherwise then it would immediately…
Thu’s afternoon bounce retraced the River Styx’s 7828 lower bank, and consolidated. Just retracing to the its 7832 counterpart bank would target fresh highs at 7843 and 7858. Already, a…
Wed’s afternoon Alternation setup trended back up to earlier highs, but never left the morning’s range. Two consecutive outsized bars can still develop to trigger the setup to launch sudden,…
Sellers met 3 separate objectives: from the pre-open descending triangle, to the A.M. reverse-bias offsetting test, to the P.M. bias-down target. Oversold RSIs at the 7738 low require eventual retest,…