Wild futures action overnight making low out of range before moving much higher near RTH High. Fed Chair Powell said Wednesday that Fed not ready to cut rates yet, but…
Strong, non true gap higher back into yesterday’s large range. For now, market telling us that it wants to hold above the key 8ema’s on daily charts. Huge gap higher…
True gap lower outside of range puts gap rules into play this morning. While it felt like a topping pattern, yesterday’s RTH distribution didn’t have much excess on the top….
Small true gap lower on a tight overnight distribution Very wide o/n TPO POC right at the settlement Friday was what we call “day one of a breakout”. Thus the…
We got the expected buyers yesterday but overall pretty lackluster. Complete lack of follow through today as futures way back down into range. Overnight inventory balanced with minimal price exploration…
Much expanded overnight range in relation to last two sessions. More price exploration lower but still a lack of follow through; sellers still seem weak and uninspired. 8 ema’s on…
Much expanded overnight range in relation to last two sessions. More price exploration lower but still a lack of follow through; sellers still seem weak and uninspired. 8 ema’s on…
Very similar overnight distribution as yesterday O/N inventory balanced with a 45 degree line low Weak close yesterday but value overlapping Push pull of sectors continues to be a factor…
Only small price exploration out of range overnight O/N inventory balanced with a 45 degree line low Price action and underlynig market generated information still points to a lack of…
Futures strong after yesterday’s trending day Market remains focused on AI stock strength and has potential to move higher Carry forward very large unfilled gap below us Multiple VPOC’s going…