Thursday, June 27, 2013

Day Three

Daily Structural Pattern Development:  
For no extra charge (a $499 value only available for one week) we bring you our new analysis to note structural, repeating, patterns dominating the ES.

What's repeating?  
1) 3 days now of overnight spike moves, creating gaps at or above the previous day's range.

2) 3 days of low volume, creeper/balanced cash sessions. No up movement of confidence with cash session volume.

Takeaways:
Cons:
1) It's flat negative that the entire up move is spiky very low volume overnight movement.  The potential for this 3 day rally to be taken back is def con level 5 high.

2) Each cash has session closed at or below it's open.  And why is this the case if there are any "real" buyers?

Pros:
1) It's quarter end, so who is going to sell and ruin the party?

2) The pattern in up and it just might stay that way for while.





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