Relatively weak overnight pullback that didn’t even test the first single print section of Friday’s RTH distribution. Friday’s RTH High was right into a downtrend line on the daily /ES…
Failure to move deeper into the gap in the O/N session is the most important thing for today (thus far) The swing high of this move was made in an…
Continued balance with o/n session again almost fully within VA. Sellers are simply not present at the moment. Overnight inventory is balanced. Yesterday saw some long liquidation but not enough…
Third day of tight overnight range. Today’s is all within the VA and on balanced overnight inventory. The round 4400 number in the futures seems to be a resistant area…
Another very tight overnight range, this time on 100% net short o/n inventory. Same inference as yesterday with sellers not being very strong and higher prices being accepted. Risk of…
Very tight overnight range on balanced overnight inventory. This tells us that sellers are not present at all and these high prices are being accepted for now Risk of liquidation…
Yesterday’s gap remains unfilled. Carry that forward in your narrative Today we have another true gap higher but on balanced o/n inventory Employment data at 8:30 is responsible for most…
More post FOMC bullishness overnight with a solid true gap higher Overnight inventory is 100% net long Both /ES and /NQ have broken 21 EMA’s on dailies. Potential change in…
Short covering yesterday up to some key moving averages in both /ES & /NQ Key levels of prior lows just above market now (video) Balanced overnight inventory tells us that…
BOJ actions not as hawkish as expected Ten year yields ticking down a bit Too early to tell if this is any sort of bottoming action Overnight activity is very…