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Tag: trend day
Protected: 12/19 Monday
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Protected: 12/15 After FOMC day
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Protected: 12/13
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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
11/18 Trend then balance day
We are opening with a Gap to the upside today. Overnight price action was strong to the upside starting 00:30 am, after London open. OPEN is at 3990.50. If the Gap closes, higher prices are rejected. The Gap was closed within the first 30 min. We then fell into a sideways movement with three range … Continue reading 11/18 Trend then balance day
11/17 Trend Day
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
11/15/22 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
11/9 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
11/7 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