Non true gap lower net short o/n inventory Yesterday’s RTH action failed to hold the downside breakout; overnight activity is attempting it again JOLTS Job Openings data at 10am ET…

Non true gap higher on very balanced o/n inventory Some gains in mega cap stocks ISM Manufacturing Index and Construction Spending data at 10am ET Buyers continue to hold /ES…

True gap higher outside of range and balance area Balance rules are in play May PCE Prices – Core 0.1% vs. 0.1% Briefing.com consensus; prior revised to 0.3% from 0.2%…

Non true gap higher within range Balance rules are in play; value unchanged for four sessions Initial Claims and other key economic data didn’t move futures much Micron (MU) earnings…

Non true gap lower within range Some price exploration higher overnight but not outside of recent ranges. FedEx (FDX) beats by $0.07, reports revs in-line; guides FY25 EPS in-line, revs in-line;…

Non true gap higher within range Overnight actitivy was not able to move out of range again Fed Governor Bowman (FOMC voter) says Fed is not yet at the point where…

Non true gap lower within range Overnight actitivy was not able to move out of Friday’s range Further weakness in NVIDIA (NVDA), which is down 1.9%, being offset by modest…

Non true gap lower within range Yesterday’s selling was mostly confined to tech with rotation into other sectors; noteworthy to carry forward in your narrative Richmond Fed President Thomas Barkin…

True gap higher on 100% net long o/n inventory Bank of England maintains Bank Rate at 5.25%, as expected NVDA up again because it’s a day that ends in ‘y”….

Very flat open on balanced overnight inventory (same as yesterday) O/N distribution is very squat and wide, indicating balance (same as yesterday) Lack of conviction with market closed Wednesday for…