Week 10-12 - 10-16

Monday 10-12
Range:
Structural Analysis:

Low volume, small range. Typical bull market grinding action.  But at key go, no-go zone.

Tuesday 12-13
Range:21
Structural Analysis: Go/no-go zone triggered some selling after the 8:00 minor high of the previous session's range highs.  The minor high/low trade continues to work it's magic.

We don't have much bias for tomorrow but would not be surprised to see buyers come in as today's selling was very low confidence.

10-14 Wednesday
Range:
Structural Analysis:
Low confidence sell day #2.

Looking for buyers to step in.

Thursday 10-15
Range: 30
Analysis:  What do you know?  We were correct: After the morning balance, a true trend move materialized.  Not unless something weird happens, we expect the grind higher to continue.  Still, this market could plunge back into the range, but that has to be low odds after today's ball-buster.

Friday: 10-16
Range: 15

Low range, low vol, Friday.  Days like this are bullish, as yesterday's zoom-zoom trend move consolidated.