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Tag: double distribution
11/28 after Thanksgiving weekend
We are opening out of range and out of value from Friday with a gap high at 4025.25 and a gap low at today's open of around 4000. No volume last Thursday and Friday. We are also right in the middle of the balance are we established the last two weeks. OPEN was at 4000.50! … Continue reading 11/28 after Thanksgiving weekend
11/23 Wednesday Rangebound
If we are opening above the base of the late spike at 4007.25 we are accepting higher prices, if we open below we are rejecting lower prices. We opened at 4005.75 and did not test the overnight low or what could also have been the base of the spike from yesterday, 4002. This was considered … Continue reading 11/23 Wednesday Rangebound
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
11/7 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