Week: 10-5 - 10-9

10-5
Range: 25
Amazing that creeper grind still pulled off a 25 point range.  Morning balance/grind reared it's head for a push higher.  No more difficult structure for me to trade.  As VIX plummets, we are hands off, well full of reversal bias as the move off lows rips out the hearts of shorts.

10-6
Range: 20 points
Structural Analysis: Volatility continues to decline in this what is now a grind higher off of the lows.  Today a classic consolidation type of day.  Low confidence grind lower, ripe for reversal -- yet mess with it too early and you get the horns.

Anyway, just a day to not mess with.

Bias is for higher prices and a test of 2000 zone highs.

10-7 Wednesday
Range: 23 points
Structural Analysis: Even the balance days are still north of 20 points.  Trade of the day was to buy the look down and to the tick gap fill when the higher low printed.  Sufficient momentum divergences validated such an idea.

10-8 Thursday.
Range: 30 points
Structural analysis: Somehow they managed to pull it off again. Morning balance gave way to the fed breakout to the upside, crushing price to the 2010 zone.

Odds are that the continue to gun/grind it, probably after a decent inventory correction.

But a plunge back into the range has to be a very respected option.

Friday 10-11
Range: 13
It took a lazy Friday to shrink the range today.

Trade of the day was to buy the 11:00 transitional structure for a push back up into the range. Reference was yesterday's pivot.

We are at a go, no-go zone here folks.  See you on Monday!