Fri’s session became a two-way market as overnight ranging was finally overcome before the A.M. window began lapsing. A typical range bound pre-weekend afternoon could have retraced either intraday extreme….
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Remember that 1st-15 bearish Opening Thrust. Its reversal had failed to break under support through 10:00 and/or 10:30, but the window extended down anyway. We labeled that multiple times as…
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Wed’s midday Head & Shoulders broke under its 7551 neckline into the P.M. bias window, and met its 7537 target just in time to firm into the position-scorning window. That…
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Buyers got every benefit of the doubt for the A.M. window rally, despite the P.M. window bias-up not triggering. The consequence wasn’t any deep refueling pullback, but just treading water…
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The noon hour entry had failed to recover 7523, and its consequences are glaringly obvious, having trended back down to attack Fri’s 7473 opening low. But RSIs diverged positively there,…
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The Fri-to-Mon reference undermines most setups exiting the weekend — like the potential for a session-long rally triggered back above Fri’s 7539 high. That said, no sell signal through Mon’s…
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Wed’s afternoon recovery had stopped short of gaining traction for the effort, and overnight’s drop had prevented Thu’s open from gapping up through 9:45 to resume the upside momentum. Those…
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Fresh Wednesday’s opening surge enabled the second 15’s 25-point drop without sellers damaging the chart so that the open high could be fully retraced. Similarly ,the midday 55-point drop was…
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Not all contrarian sentiment that affects our patterns is resolved intraday. And a lot of contrarian sentiment is obvious. Tue’s instance of either may prove to be a good example…
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