We are opening with a gap from yesterday. The gap high is yesterday's low at 3962. The gap low is at 3917, the OPEN of today. The IB is very small again at 21 points. We have low directional conviction, with price getting close to OPEN again. Price has spent more time above open than … Continue reading 11/17 Trend Day
11/16 Normal Day
OPEN was at 3983, out of value but inside range from yesterday and at the overnight trading low. So far we had one range extension to the downside in C period.At the end of the day we only had three more small range extensions to the downside in I, K and L period. That is … Continue reading 11/16 Normal Day
11/15/22 PPI Day Double Distribution Trend Day
PPI was released this morning at 5:30 am. We are opening well above the spike that was left from yesterday in M period. A sudden change in perception of value pushed price much higher in overnight trading. We are opening with a gap to the upside, out of range and out of value. There was … Continue reading 11/15/22 PPI Day Double Distribution Trend Day
11/14/22
We are opening in range and in value from Friday. Overnight trading was mostly sideways. OPEN is 3981.75 Settlement from Friday was 4000.25. There is not much new information entering the market today and we are looking at a small range bound trading day. It is important to stay patient and wait for the IB … Continue reading 11/14/22
11/10 CPI Day
Today was the release of a better than expected CPI number at 5:30 am, one hour before open. The OPEN was at 3894.25. In comparison, settlement yesterday was at 3755.50. The IB for today is already pretty wide, with 48.75 points!The overnight range was 143.50! So far we have been having a very strong morning … Continue reading 11/10 CPI Day
11/9 Midterm Results Day
It looks like we are opening in range and in value from yesterday! Within the last couple of minutes before the bell price dropped to the level of value area low from yesterday putting OPEN outside of value. It could be another volatile day due to the release of Midterm results. The IB is very … Continue reading 11/9 Midterm Results Day
11/8 Midterm Elections Volatile News Day
So far as of 8 am we have had two range extensions to the upside in B and C period. The IB was 38.25 points, we opened with some overnight longs and a gap to the upside that was closed very quickly early on. The POC is at 3828.50. Price tested down to 3810.75 which … Continue reading 11/8 Midterm Elections Volatile News Day
11/7 Monday Midterm Week Double Distribution Trend Day
We are currently trading above settlement from Friday and accumulated quite a few longs overnight, with the overnight high at 3805 two ticks away from Friday's excess high. We are opening out of value, but are inside range from Friday. We are trading down from the Open at 3793, now price bounced at Friday's Settlement … Continue reading 11/7 Monday Midterm Week Double Distribution Trend Day
11/04 Friday Unemployment
Unemployment was released at 5:30 AM PT and the market has been ripping higher since. We are now out of range and out of balance already from yesterday, and are looking to open with a gap from yesterday and within Thursday's range.After four straight down days, this could be a relief day. Unemployment number came … Continue reading 11/04 Friday Unemployment
11/03 Thursday P Shaped Day
The market is opening out of balance and out of range from yesterday, with a gap down. It is going to be a tricky day. We also left a spike yesterday as the market was moving down quickly and did not have time to confirm lower prices. The low from yesterday 3766.75, that is the … Continue reading 11/03 Thursday P Shaped Day
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