The First Trade

Proper context can start the day with a solid win and make all the difference.
NEW! Market Tour transcript included at the end of this post…

NEW DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
Wednesday’s session is the tale of two markets. There’s the pre-open rally that greeted the open above Monday and Tuesday’s ~2357.00 highs at 2363.50. The setup quickly produced an expected strong rally, which fulfilled the rare doubly-renewed bias-up target up to 2375.00. And then a 10-point dip that was recovered to within 1 tick of the morning’s high. Then came the session’s other market, a reaction to FOMC Minutes that plunged to 30 points. The low barely pierced unfinished business from Tuesday morning at 2344.75.

Overnight action’s new info…
Wednesday’s cash session close had equated to 2348.25, which the Globex open’s bounce quickly attacked. And then rejected, as the decline extended down to 2338.00. The low was well before midnight, and the balance of the session has been climbing gradually, now probing 2348.25 up to 2350.00 resistance.

If, then…
Despite already probing lower overnight, opening unchanged probably won’t prevent another downdraft. Barely probing positive territory probably won’t, either. Regardless, a post-open dip could end the downleg — and start an upleg targeting new highs for the week — if it avoids retesting 2344.75 deeper than 2-3 points. The objective was neutralized overnight, but retesting it intraday wouldn’t be redundant. The downside risk is in breaking it, which would essentially target 2311.00. Any trending today is likely to be earlier rather than later, as anxiousness ahead of tomorrow’s Employment Situation report often paralyzes the prior afternoon.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2353.00 would be likely to trigger the 2351.00 bias-up signal at 10:15. Exiting the open under 2349.75 would be unlikely to trigger bias-up. Exiting the open above 2348.00 would be unlikely to trigger the 2344.75 bias-down signal.

Phonetic dictation…
[NEW! Unreviewed voice-to-text real-time dictation of the Market Tour recording. Again, not reviewed or edited in any way, which can be equally confusing and humorous.] good morning it is Thursday instead of Thursday’s Morning Market or that it is shaping up already shaved up to be awesome week great training opportunities also some pretty productive action we are surely not out of the woods here as far as I knew down like be getting but that is I don’t want to stay far from being proved but it’s not prove yesterday as I say today in the first grade blog post yesterday was a tale of two markets it started pretty optimistic Lee with the overnight rally that greeted the open above not only Tuesday but Mondays as the 2357 highs of course Monday mornings additional I was hired but the Roman has all recovered even that original hi just couldn’t have taken it out much more cleanly than that and so we knew to expect a early and strong rally and that paid off very well i ee renewed by a sub Target its only 4:25 was pierced by 3 tix at the High good been just a shadow pull back but it was a little bit deeper and it hit ejective the objective 2365 6465 being the likely objective before recovering to within a tick of the high neither is over but are inside at the mornings High by the sake of a single tick a head of a news item that doesn’t change that officially it’s required to be retested but the official requirement to retest yesterday morning side doesn’t change whether you have his decline can extend anyway as far as at the Glen goes let’s just call it a point because that’s really what it was plunge got started gradually and then snow balled all the way down to 4425 4475 was unfinished business below from Tuesday morning can really get out of the out of the orbit it seems of objective and still be attracted back to them so you came back to that and that just wasn’t actually yesterday’s Cash Mission close equates to 4825 but that’s just not likely to stop and it didn’t stop and overnighted has Pro blower did Pro blower hid Pro blower and this is where the risk comes in because we did have another piece of Unfinished Business below that was tested Tuesday at 4225 that was the prior Tuesday’s Novi is trending above its biceps I can I buy something for 225 required be tested it was were tested there is no bullets reason to revisit 4225 sort of there’s no bullets reason to revisit 4225 intraday during the relevant time in Wood Dale eggs at that time window under 4225 just no bullets reason for that it’s already been done if it’s done again it’s because probably very probably because the market is rolling over that’s where we would know and at this point the earliest we would know that what is in a bigger picture since I’m not going to do the bigger picture right now we just went out in a bigger picture since we’ve got lower high flow if that’s a lower high yesterday that produces a fresh blow this is first well 2311 would be targeted but that would risk even more substantial damage to the downside so that’s the downside of 23 44 175 2340 2:25 to 3:40 if that wants to be tested Post open a better be tested and rejected pretty aggressively to leave the door open to railing and by the way just so you know the big plunge from yesterday doesn’t of course make it any easier to resume the rally but it doesn’t make it much less likely make the degree that it is less likely to be recovered is because it’s less often that something of that share momentum and productivity is actually recovered or recovered quickly that is but that doesn’t make it impossible I should say to recover quickly in fact it’s going to recover it all recovered quickly because this is telling us that the market is in a very pliable State of Mind the collective Market that’ll have to be exploited pretty quickly as overnight is trying to be very elastic but this bounce into the open that doesn’t make the open door this morning and he likelier to extend the light Clearpath higher he remember yesterday morning when I say the likeliest pass up is a meeting that there was no it’s below that needed to be neutralized before that we knew to expect the strong morning Riley this morning the likeliest Up Is Down take care of some unfinished business unless we can get 5750 West Point news coming actually in Decatur 4475 maybe even 4225 get that done quickly react to it that’s going to be the best slingshot and it’s actually expect a 351 2351 Monday’s Long Pond casinos back up to what it been the Rally’s Target 1 5202 but that has not reversed that cop still gotta close up on 5202 to suggest that this is not a topping pattern which it otherwise is crude oil the Gap up we’re talking about 24 hours ago and although it was an able sewing pressure it did leave at standing now Gap up the essays open that I want to be filled From Below I was a little fall through after yesterday’s clothes but we’re getting the open at least trying to resume the rally and then natural gas report today from a position of strength two consecutive closes that’s not a break out and confirmation Brit is above all prize that’s a negative reaction isn’t possible but there’s room down to 318 before even suggesting momentum is over some damn all right by the way if you haven’t tried Friday afternoon and Saturday morning full time it looks like on Monday everything and make sure that you just not only are compatible with it but also that you’re familiar with logging into it.

Phonetic dictation…
[NEW! Unreviewed voice-to-text real-time dictation of the Market Tour recording. Again, not reviewed or edited in any way, which can be equally confusing and humorous.]

Proper context can start the day with a solid win and make all the difference.
NEW! Market Tour transcript included at the end of this post…

NEW DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
Tuesday morning’s 2349.75 bias-down signal triggered cleanly. It never produced a fresh low, but neither was it invalidated. Efforts to invalidate it didn’t fail for lack of proximity. The 10:30, 11:30 and noon bars each probed their relevant bounce limits. But each probe was also being overlapped at the relevant time. Overlapping disqualifies the attempt. So, the 2344.75 bias-down target is left outstanding as “unfinished business below,” while Tuesday’s close surged to fresh session highs at 2358.50.

Overnight action’s new info…
Initially extending higher after Tuesday’s close immediately attacked 2360.00. That quickly peaked, and soon retraced back down to attack yesterday’s final hour lows at 2352.50. Consolidating there into and out of Europe’s opens eventually bounced up to 2357.25. The bounce was retraced entirely, and is now recovered to a fresh high at 2357.50.

If, then…
Rejecting the relatively shallow overnight pullback and resuming yesterday’s rally this morning will be difficult if delayed. Especially while there is now a new attraction below at 2344.75 in-play. Although neutralizing the attraction below would allow another recovery attempt to begin, the dip might also retest 2342.25. That lower attraction was neutralized already Monday, and unnecessary redundancy usually chips away at the retest instead of reinforcing it. This may seem self-evident. but extending higher this morning — at least this afternoon without first dipping deeper — may be the only way to avoid resuming the decline to deeper targets. The deeper targets begin with 2321.00, while the reward for rallying is 2369.00 and then new highs.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2353.50 would be unlikely to trigger the 2350.50 bias-down signal at 10:15. Exiting the open under 2353.50 would be unlikely to trigger the 2358.50 bias-up signal.

Phonetic dictation…
[NEW! Unreviewed voice-to-text real-time dictation of the Market Tour recording. Again, not reviewed or edited in any way, which can be equally confusing and humorous.] good morning welcome it is Wednesday time for Wednesday’s Morning Market or and not a lot going on with overnight that is which is not predictive but it does fit into a template based on where yes his mother left us yesterday’s market of course gave us a biased and Signal Queen by Samsung Wonder 4975 that wasn’t touched recovered until at the moment when it was too late and at 10:30 and that is to invalidate it and then going on to 11:30 higher standard it wasn’t touched until the moment that it was too late what did create a little opportunity here by probing the open side that would have been validated it at 11:30 we have enough invalidated by is down another opportunity at noon to exceed it tried still couldn’t get it done that was last opportunity doing that yesterday morning’s by its down signal and so it’s by stay on target at 4475 becomes unfinished business 4475 in the overnight low it’s so unfinished business and that’s fine and that’s not fair and it’s just that 4475 awfully close to 4225 that was already on that was already there is just no reason typically no reason to retest neutralizing already neutralized objective alessi intent is to break through it so the power is I know this sounds obvious the path higher is higher has higher is not the neutralized unfinished business below first but to extend hire without delay and that’s were last night’s actually comes into play because post close yesterday actually last minute action had gotten back up to 56 which was basically already tested that was the new towers High afternoon tested it and then turned it up into the Futures close and even hired of the Futures open it immediately back down anything yesterday’s final so so far as the sun’s coming up on the state’s things up friction maybe even required already being around mode and extending through the open I would Target 2369 and even get through to 2369 probably at this late stage I could have held as resistance last week now if we tested probably create alright heads up consensus this morning a heads up as to where the analyst looking for employment situation report and then the market responds to it the market responds to the to the news it’s so that’s about an hour it is coming in to support or at least a yeah I don’t know well on this I don’t have any template tracking other than the template that says every single opportunity to reverse down is not only being ignored but holding its support to there is at this point this is the big yesterday’s search to close it a new high at least in the prior to set up there was this can really go away cuz it wasn’t actually broke but there is in this unlike the other cell signal setups that at least had some attraction about that standing there wasn’t any such a trash man standing to be as a cab over to serve as a catalyst for yesterday’s search and yet yesterday search and close in the new hi I’ve got to step back from them alright any questions please let me know and subscriber request a trade let’s see if Monday pretty big gap up and search bike up at the open weave of course got a existing downtrend that is dangerously close to dangerously close to the next phase what’s going on here after Mondays and Tuesdays and should prove to be just a smaller version of Spike up the proof will be in closing negative today that’s very important to keep in open

Proper context can start the day with a solid win and make all the difference.
NEW! Market Tour transcript included at the end of this post…

NEW DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
The new quarter got off to a rocky start. Not that the prior quarter ended all that awesomely. Friday’s inside day had hovered at the week-long rally’s highs. So, Monday morning’s 20-point plunge was quite a juxtaposition. It began at the inflection point coinciding with pivotal uptrending support. The noon hour lows neutralized all but 1 tick of attractions left outstanding last week down to 2339.75-2342.25. The afternoon’s bounce up to 2356.00 closed back above the pivotal uptrending support’s 2348.75 connector, suggesting that sellers attracted no new sponsorship. The recovery did gain traction for its effort.

Overnight action’s new info…
Essentially one-way price action has trended down through Europe’s Opens to 2347.25. The reaction attacked 2352.00, still 3-4 points into negative territory, before falling to fresh lows down to 2345.50.

If, then…
Buyers gained traction for yesterday’s efforts, so they’re allowed an opening dip to absorb. Sellers didn’t gain traction, so retaking control this morning requires them to maintain an immediate break. A candidate for signaling that break is being tested at the 2347.25 overnight low. It coincides with the natural support of a 61.8% retracement of the consolidation of yesterday afternoon’s recovery (which I describe during the Market Tour). Holding its test would be confirmed by the open recovering back above a prior high. Meanwhile, maintaining a gap under that consolidation’s 2345.50 low (being touched now) would separately form a “session-long decline,” all but targeting 2321.00 and possibly also 2311.00.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2347.25 would be likely to trigger the 2349.75 bias-down signal at 10:15. Exiting the open above 2353.50 would be unlikely to trigger bias-down.

Phonetic dictation…
[NEW! Unreviewed voice-to-text real-time dictation of the Market Tour recording. Again, not reviewed or edited in any way, which can be equally confusing and humorous.] good morning it’s Tuesday it’s time for Tuesday’s morning market tour and this is already shaping up to be a interesting day again just very brief context last week last Monday begin with a gap down that tested a couple of pretty relevant levels and closed back above another one indicating that the declines momentum had lapsed that in itself didn’t reverse the trend up durably the transversal the signal that we got was the next morning above the bias of signal 4225 it happened prematurely during it no bias environment was too late to trigger by ass up so all that had to be retraced whatever whether it was just the morning whether it was just before the time in window ended whether it was several days and it was retraced entirely into yesterday’s yesterday’s little also tested the lower prioritize that Define down to 3975 actually came with a pic of that so we can’t really say there’s any unfinished business of that area brakes which puts into play or would put into play 2321 2317 2311 yesterday’s Drop Like Mondays drop before it did test a couple of relevant levels and did clothes back above and other relevant level to indicate that the downside momentum at last it was much greater downside momentum last Monday that was absorbed yesterday just one day’s worth one day preceded by Friday’s do nothing day basically so it’s possible as indicated by the stuff trending pivotal support his connector at 2348 75 identifies the most relevant level recovered yesterday it’s possible that selling is done that momentum is ready to reverse up we know that this sponsorship is satisfied but we don’t have an indication that new sponsorship has not arrived and the overnight isn’t making it easier to identify that because there is a pull back pretty much Relentless pull back actually down to 4725 which happens to be a pre relevant level at least in my work it is the last swing or the untried the middle swing you got a 3-1 to 3 stage rally yesterday that consolidation phase of it as a 61 8 retrenchment that is natural support and it can be predictive if tested and other held or broken through it relevant window this isn’t the most relevant window it’s over night it is a relevant time of that overnight window following after UPS open but just holding it says one thing rejecting it’s actually back above that consolidation and back a bit by a specific the Great is another thing because that would indicate sponsorship that arrived remember yesterday yesterday for their efforts so there is bigger stronger hands in their and they’re generally going to defend against an attack like the overnight that coming in the next morning like they’re going to be 23 is interested in defending and buying 2347 because yesterday so they’re allowed to absorb and to is back up sellers didn’t gain traction so they regain control in one way only and that is abruptly that is by either gapping down or immediately extending down through a relevant level and there’s a pretty relevant level right here because yesterday’s action trimmed it up into the clothes and it’s counter extreme that is the bias environment slow did develop or the afternoon to develop during the by its environment at 4550 testing 46 gapping down under 46 4550 would not only indicate that sellers are we taking control but they be doing it in such a way as to gain traction themselves forming a session long to climb that setup would indicate trending down throughout the day and if this test at 4225 down to 40 doesn’t suffice as though the next lower objective 2321 and probably down to 2311 comes into play so should be a really fun day it can be absorbed through the open avoid triggering by ass down resume last week’s rally now that it’s been presumably corrected then we’ve got new eyes ahead and as I speak the 4725 low the 61 a replacement as being were tested I don’t see are a size being particularly kind to a this seems to be a reaction to downgrade on Google possibly to see only thing I see crossing the tape right now I look quickly at other markets and we are going to Breeze through these so that you know which missed an opportunity to rally and required were testing last week slow quickly came back down to the last week slow and is now trending lower it’s trend is down the pound still has his unfinished business above but isn’t in a rush to get there may be hampered by the euro which is struggling to hold its maximum pulled back denoted by the X and ended by recovering 107 58th the Looney which is breaking lower from this ongoing fluctuation at and around its cell signal to the dollar strong which took at 12:50 to buy signal that was tested Friday covered yesterday that are getting fresh pies possibly a french fry close has extended higher has extended her overnight to 1260 250 that’s a gap that didn’t need to be rude it’s already been filled and so to return to it anyway suggest we’re headed higher gold and if gold and probably silver as well breaking I remember silver tested its higher prayer Lowes at 1830 close negative but that negative close was never exploded leaving the door open to another up leg Target in the upper end up Rob of that consolidation above 1855 wish I clearly seems to be underway now Long Pond is extending higher we knew that the inflection points down the cell signals weren’t likely to trigger be productive or least not for any length of time but so long as last Monday’s Gap upper made outstanding it was finally filled yesterday even with the probe of Prior has so I was able to introduce the preliminary cell signal on that one 5112 wasn’t wasn’t even touched overnight as price has returned to at least three tests yesterday’s high the trend remains up otherwise or at least a topping pattern is forming that’s the most bear if scenario unless and until triggering a cell phone by the way home now becomes 151 12 maybe confirmation Elko confirmation under 150 24 but the early action is under 151 12 real quickly and then come back to the market to the es crude oils big bottoming pattern that we’ve been tracking that we were tracking back above its 4850 & 4930 by signals confirmed that the aid of a pull back yesterday the full-back didn’t do anything it wasn’t really threatened so non-event all the way little bit deeper overnight and reacting to that rejecting that it seems pretty aggressively just consider the Apex of this triangle is a critical make-or-break level to maintain the recovery and then Natural Gas struggling at 313 cell signal there’s no unfinished business above there’s a gap that has been filled From Below there’s Fridays Gap up it didn’t do anything new Sunday nights Gap up that was rejected so it’s just nothing but it’s about returning again to 313 it’s not doing anything for the rally alright is probing lower and that’s a critical level remember the overnight price action any patterns that develop overnight or influential intraday this is the es influential intraday if their influence is somehow contributing to some other price action during the opening 15 minutes that’s the handle 4753 725 it is is maintained is recovered through the opening 15 minutes of volatility then it’s recovered it especially if its prior High 2350 75 is also recovered to the opening 15 minutes of volatility will consider that to be a successful test if it’s broke and if it’s break now underway now he has maintained through the opening 15 minutes sellers will likely have retaken control alright and I will see you there before the open

Proper context can start the day with a solid win and make all the difference.

NEW DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
Friday’s session was certainly choppy, but being an “inside day” made it essentially a non-event. Fridays aren’t often non-events, but non-eventful sessions often occur on Fridays. The chop began with Thursday night’s dip to 2356.75, retracing it entirely into the afternoon bias environment, touching Thursday morning’s 2366.75 high. That was nothing. Friday’s remaining 90 minutes contained a 6-7 point drop and its retracement, then a 9-point plunge through close to 2357.50.

Overnight action’s new info…
Sunday night’s open spiked up to test 2361.00, almost immediately retracing Friday’s last three minutes of selling. A fresh low at 2356.00 was quickly recovered to 2361.00, too. But fresh highs extending to greet Europe’s opens at 2363.25 has been retraced down to unchanged at 2359.00.

If, then…
Absorbing last Monday’s opening dip through its open marked the recent low. Does Friday’s inside day mark Thursday as the rally’s high? Not if greeting the week with another opening dip must be absorbed quickly like last Monday. I review the “uptrending pivotal support” (depicted in the two charts nearby) whose current test will resolve in either a fresh recovery high, or else retrace back down to last week’s lows. Unfinished business below includes 2342.25 and 2321.00, whose retest at this late stage might as well extend to 2311.00. Influences include an unusually busy Monday econ calendar today, in a week ending with the Employment Situation report, while jockeying ahead of the oncoming quarterly earnings onslaught.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2356.00 would be likely to trigger the 2357.75 bias-down signal at 10:15. Exiting the open above 2360.75 would be unlikely to trigger bias-down.

Proper context can start the day with a solid win and make all the difference.
NEW! Market Tour transcript included at the end of this post…

NEW DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
Thursday morning’s gap down did not implode downward, which would have forecast a bearish morning. In fact, the bias environment rallied almost 13 points to probe fresh recovery highs attacking 2367.00. That probed above the bias-up signal, despite it being too late to trigger. An 8-point dip to 2359.00 during the noon hour satisfied the required no-bias trending retracement. But the balance of the session recovered to attack the morning’s highs. The morning’s no-bias offset of its 2351.75 bias-down signal was left outstanding.

Overnight action’s new info…
Firming to attack Thursday afternoon’s highs was brief, and soon reversed down. Testing 2357.00 ahead of Europe’s opens was retraced momentarily to attack 2361.00. All of which has ranged narrowly centered around this morning’s 2358.25 bias-down signal.

If, then…
The afternoon’s bounce stopped pessimistically short of touching the morning’s highs. Probing fresh highs is almost obligatory, which there is a limited window of opportunity to reject. So, not trending down abruptly at Friday’s open would suggest another morning rally. and Friday Factors would open the door to extending the recovery into the weekend.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2356.75 would be likely to trigger the 2358.25 bias-down signal at 10:15. Exit4ing the open above 2360.00 would be unlikely to trigger bias-down.

Phonetic dictation…
[NEW! Unreviewed voice-to-text real-time dictation of the Market Tour recording. Again, not reviewed or edited in any way, which can be equally confusing and humorous.] good morning it’s Friday welcome to the Friday morning Market to her to take a quick look at the bigger picture the bigger picture was begun this week by gapping down gapping down and what was expected to be a test to 2327 at least the roofer noise under 2331 because 2331 it only been attacked and its attack didn’t reverse the trend up Friday and under 23 through 27 was 2317 which was itself attacked overnight due within three text and by closing Monday back above 31 having tested 27 let alone 17 told us that the declines momentum it ended none of which said that the rally had to extend higher without the late although it has none of which prevented immediately coming back to neutralize the gap down under our lives at 2321 that’s outstanding not as a requirement if we ever get back into its orbit it’ll be the attraction Tuesday Mornings rally so so eager was the recovery to extend Tuesday Thornton weekend its sponsorship Tuesday Mornings rally begin after failing the trigger by ass up and that nobody’s trending as you have to be were traced to its 4225 buy a sub signal that was broken too late since then there was one other there’s an accident on the shows of strength where we can get sponsorship has been given a pass and that is when the afternoons Rally’s have fulfilled their buying pressure without triggering any higher Target in play and yet where that would normally require a pulled back the next morning or at the very least delaying the Rally’s reception until the late afternoon to that next session so we have some signs of a little more restraint in the recovery like yesterday morning’s again no bias trending no bias triggered by holding 6250 the bias of signal it was probed anyway but this time retraced as is the requirement as is still a requirement swertres 4225 Noble stranded if anything that prevented resuming the rally now yes afternoons rally stop short of touching the morning so I’m a little short pessimistically short which remote control in perspective can be foolish not to that produced a french fry there’s a small window here then if that ineffectual pessimism from yesterday afternoon if that’s not going to be rewarded basically you are the consequences are going to be a pro by the way to avoid that will be too and there was an indicated there is an attraction from yesterday morning having a morning’s 6250 bicep Signal Hill it was a late putting in Plano and was it actually requirementsso this morning Cuts one way or the other very similar to yesterday the immediately Post open price action is going to be the most productive so I was with yesterday for instance if the morning we’re going to trim down regardless of gapping down regardless of having rejected Ohio night if the morning we’re going to trim down then it should have printed them abruptly and it did it only get them so yeah and if anything else is roughly River stuff this morning is going to get I just going to trim down it needs to make that obvious it’s likely to make that obvious sooner rather than later to the open so if we get through the open and the further we get into the open to let alone through the entire open without yet trending down the more likely that will recover through the morning after the session at least back to you say size it’s not hire say 69 then into the seventies alright I’ll have levels on screen as we get into the open an interesting little triangles for that here not a very productive one but training support looks good alright looking at other markets so the year as a little weaker really don’t want to see it take this area doesn’t have to fully test this one of 690 area or extent before reversing up which it is still likelier than not to do two altimate Lira test Monday’s open that open above all prior has a little bit weaker overnight or at least flat till our the Looney pretty big effort to take out that so so that really hasn’t been predictive it’s been more of a magnet but that’s not lasting at least it’s getting a second bite of that apple by the pound or the Euro extended down but both of your own a pound of this Gap up from Monday that we were tested two pounds in a better position to lead that way and then the Aussie stopping short of two things it’s bound to bullish development potential as one would have been closed since when since Tuesday’s reversal didn’t do it another bullets development 7680 didn’t do it so unless something happens today probably in the next Silver yesterday and reacted to it normal to react to it predicted that was all resolved by closing negative but it does require if Aprilback under actually back in the last Thursday’s low that’s the big Line in the Sand last Thursday also held Fridays post close dep that’s what we can start to get a signal from this pattern otherwise this is the lower end of the Rings and closing not just back about Friday’s post close low which was a dip here closing back about Friday’s regular 12:50 or close actually 1252 that would at least put into play and attack on franchise closing above 1252 1251 5052 but if 52 better since we don’t have any Clarity in the pattern otherwise but closing above 1252 a given every benefit of the doubt for putting in the play of fresh at least a retest of the prize which consequently could give silver that boost to get through 1830 to 1855 one got it take seriously that point which was initially being tested first before filling this Gap back to Monday’s open 15126 being tested again yesterday does follow after it was chipped away earlier in the week but just be careful if this is going to give away it’s certainly has potential to give way to the tech 149 but otherwise we do have unfinished business above if it can’t give away into the weekend it’s not going to be testing Harlow’s tomorrow tomorrow