The First Trade

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…
Wednesday’s opening strength had tried extending the overnight recovery from testing 2429.00. Post-open strength came within 3 ticks of the 2440.75 bias-up signal, and then reversed down sharply. The reversal filled the gap back down to Friday’s 2430.50 close. So did Wednesday afternoon’s low. No timing window broke lower, but neither was a recovery yet indicated.

Overnight action’s new info…
Yesterday afternoon’s 2428.00-2434.50 range has contained overnight action. Actually, within its upper-2/3rds, until Europe’s opens triggered a slide back to its lower-end. That was temporary — or else its reaction back up is temporary — as yesterday’s 2433.25 close is now being attacked.

If, then…
Filling another session’s gap without resolving that day usually resolves overnight. So, still ranging around the gap back down to Friday’s 2430.50 close yesterday was likely to greet this morning’s open gapping up or gapping down. Regardless, neither is currently indicated, nor has either been threatened overnight. The late, momentary dip back to yesterday’s 2428.00 low has reacted up to unchanged, which is natural resistance, and positioning for a gap up can’t afford to delay extending through unchanged as the open approaches. Gapping up too shallowly would be likely to resolve down, as would a flat-to-lower open, even if only for the morning.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2427.75 would be likely to trigger the 2429.00 bias-down signal at 10:15. Exiting the open under 2434.00 would be unlikely to trigger the 2437.50 bias-up signal.

Phonetic dictation…
okay good morning and welcome it is Thursday it’s time for Thursday’s morning market tour and not a lot going on there’s a couple clues in here nothing decisive yet just to refresh here’s the current Challenge and that is yesterday’s pretty much a whole life story was about filling the Gap repeatedly back down to Friday’s close Friday’s close Angeli Fridays lower prioritize Friday’s close basically being 3050 lower price within in the internal lower prioritize 2850 teston down to what 28 precisely so how’d that go well it held also holding was the prior days test late not out entire day’s worth of testing the just a very late test last Wednesday’s Gap that’s a problem with or even risk I suppose of filling a gap intraday and not then attracting sponsorship in the opposite direction let alone for breaking through it it leaves the next open vulnerable typically to the prevailing Trend the prevailing trend into yesterday’s open was already down when the Gap Phil to last Wednesday’s close had not been rejected the prevailing trend of course then remains down into today’s open as all these tests this gap-fill can’t even see the one that happened before yesterday’s open overnight Gap fill Gap Phil also wasn’t rejected before the open so that’s okay that can be resolved typically it is resolved and I don’t mean to not typically it is resolved overnight by gapping in one direction of the other not to the degree that developed but I’m available add resistance so this is the opportunity we’re getting close not yet to close we getting kind of close 2 hours away from the open if any kind of Gap up is going to be indicated where none has yet been threatened then that means to get on with it and more so to the upside more so to the upside because I too shallow of a gap up and that’s the bigger Challenge from sitting at 32 33 needed to Gap up above 40 That’s the bigger ground to cover just to get position to postured for a gap up before they open so not a lot of time to waste for that and not a lot of news coming out before then whereas here at the most recent attempt after overnight there been a couple of attempts at breaking higher most recent attempt was just to touch the low if it’s reaction up is just a correction I suspect even if before the open back under 3025 will launch a break to Fresh Lowe’s bag of 34 I give benefit of the doubt for at least challenging 2440 still not assured of a gap up sufficient to reverse the momentum up and real quickly then on the bigger picture yeah put Gap up does clear promotes morning buying pressure up 2:43 or so 4275 is it yesterday’s add bigger bells necessarily both have had two days of not extending or trying to extend a confirmed Breakout so they’re declines should resume today overnight not so much but silver is what up here at 1664 65 two testing a higher Pryor live making today’s pattern likely to resolve down that’s the path to compare today’s price action to if it’s not doing that then there’s a bigger balance coming we could get to 17 retest 17 before resolving down if this is not containing not only not containing the balance but also rejecting it today somewhat similar leave shallower balance though and go Longmont still has this 15624 higher high outstanding does 156 23 suffice yeah it could but it was a reason why can’t other than it would be helpful for that to develop print intraday that’s the only thing other than that so long as yesterday there’s no reason why not enough to change the calculable inflection points but that is unchanged right there at 3325 okay any questions please post under the chart room or I will see you before they open good luck today .

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…
Tuesday’s first half-hour was down 9 points from Monday’s 2450.25 cash session close. The open’s low was probed during the noon hour down to 2437.25, and recovered before the noon hour’s end, isolating the fresh session low. The swing never reversed above a prior high to signal new sponsorship for a recovery. Retracing the noon hour low broke lower during the last half-hour down to 2434.00. Last Wednesday’s 2435.50 close was still being tested at the close.

Overnight action’s new info…
Hovering narrowly above 2435.50 broke 3 points lower at Asia’s opens. Ranging between 2432.50-2435.50 broke lower almost 3 points at Europe’s opens to 2428.75. Now a couple of bigger bounces are probing back into the 2432.50-2435.50 range — almost unchanged, but not reversed.

If, then…
Will Pavlov’s dogs bark this morning? Filling the gap yesterday to last Wednesday’s close could have been bullish, had buyers rejected it by bouncing into the close. It’s similar to yesterday’s isolated noon hour probe, which also didn’t attract new buyers back above a prior high. In the absence of a reversal, the prevailing trend has extended down overnight. Now support at the gap back to Friday’s close is being tested, another spot that buyers could reject. But will they get even the nominal interest like yesterday, or have they been conditioned to stay away altogether? If the open hasn’t established a reversal setup — or if an interim bounce were to hold resistance — then this morning could trend down substantially.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2427.25 would be unlikely to recover the 2428.50 bias-down target at 10:15, renewing the bias-down signal. Exiting the open under 2433.00 would likely at least to trigger the 2434.50 bias-down signal.

Phonetic dictation…
hey good morning and welcome it is Wednesday at Sanford Wednesdays morning market tour quickly hey we have a extended Trend overnight so call yesterday yesterday was straight down or at least trended down that’s following the Gap up on Monday that extended through the open he did sway higher and into the clothes left outstanding unfinished business above at the bias of Target but by yesterday’s open had retraced we acted down Cassius and close actually had been 24 5025 so relevant or relative to that not a minor Gap Town actually wasn’t even a Gap Town versus Monday’s Cashing close I’m sorry teachers close but the morning slid then actually the first half-hour contained all the mornings Slide the noon-hour isolated a probe under the morning slow but never recovered any prior High that would have been vacated that new buyers had arrived retraced back down to the noon hour is low and just in the last half-hour yesterday probed lower and closed lower closed under the more the noon hour low that actually fill the Gap back to last Wednesday’s close last Wednesday’s overnight Thursday night and Friday is open very most but this overnight Depp can’t be rejected yet this overnight dip can’t be rejected back Above This Pryor High this Pryor High this right these are all overnight highs overnight highs even if we’re trying to reject even if the Mark is trying to reject an overnight low it’s still can only do that by recovering an intraday High so this big bounce here off the overnight low is expending valuable buying pressure it’s not getting anything in return not yet if the open extends our pre open were to expend even more valuable buying pressure at the very least the only credible open would be back above that late post close bounce up to 38 2438 it’s another three points it has to be expended we’re already up Five Points 6 points off they overnight low that’s a lot of pressure to expand and then finally perhaps to start gaining traction for the effort so more likely What’s Happening Here Pavlov’s dogs are being conditioned or have been conditioned I should say fresh low well that’s testing support of the bias down Target of the Gap at cetera unfortunately it’s premature in the bounce and we can give out if there’s a little bit of a dip that attracted Barnes that was attractive to buyers but that’s pretty much our Line in the Sand and if the markets going to extend down at this decline is going to persist so right now basically right as basically testing 35 or has 35 35 25 if I can recover 38 will give it a better for the doubt to what would have been a Buy Signal yesterday afternoon it wasn’t even touch but if 35 isn’t recovered the overnight low 2975 if that’s attractive but that’s doing that’s testing Fridays range Monday mornings running correction that if this lower quadrant didn’t hold or the Post open origin of that Serge there’s potential back to the origin of this leg that’s at least 26 and change if not 25 alright so lot of room for follow through to the downside but not necessarily to fall off a cliff same thing with the outside lot of room for follow through the upside but not necessarily to resume the rally to new highs so the open is going to be critical and retest to the low is the likeliest the overnight low is the likeliest scenario right now looking at other markets the Euro so fluctuating in this rain a lot of energy since Monday is Gabba had only extended back down sew a bounce to 112 2325 that breaks back near 112 112 112 o405 that’s what would resume the decline closing above 1:12 2325 I’m not confident that returns to 112 55 but it would be premature to expect that to them launch the rally Looney still waiting on that one more higher close in the pound is four been pretty volatile overnight fresh level is after yesterday fill that Gap that was our expectation to fill that Gap and for the detour to also probe the gaps low the low the structure that contains the gap that was done yesterday stop and maybe a little optimistic Lee short of actually probing the low that was done overnight pretty aggressively and that trying to react up this is the light of the same here 12730 12730 is the Line in the Sand for whether this drop back to the prior low he has now correcting before extending down even deeper or whether back above 120 7:30 a recovery a double bottom basically is in place and finally The Odyssey which is now I’m touched this lower Pryor High now becomes pretty critical this is a cell signal if triggered under basically 7555 no requirement to fill that Gap back to the high silver bouncing bouncing they’re both confirmed and breakouts and they both have calculable targets that are lower 1630 – 1625 n silver 12 35 1235 on gold Longmont flat right now it’s been a little higher just the retest Wednesday’s High after it corrected and that correction didn’t resume the reaction down last Wednesday’s High pretty much requires now extending up to one 5624 crude oil and this is August by the way crude oil which gap down didn’t extend down yesterday but Gap town anyway just not a bottom i any questions please t didn’t greet yesterday supposed to say p i report from the position of strength it’s not greeting this morning CIA report from a position of strength if there’s a balance I need your reaction up it’s got room to 4430 4490 but it still resolves down MN natural gas is really nothing natural gas can do today to greet tomorrow CIA report from a position of strength maybe if anything because higher prayer Lowe’s if you have to be touched From Below bounce test Lowe’s here or test the lower range here and then closed higher that’s the one possible still convoluted path but the one possible bullish template I had of the eia report.

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…
Greeting the new week with extreme sentiment is often a sentiment extreme. And any overnight one-way relentless trending is vulnerable to reversing immediately at the open. Meanwhile, the bearish WedEX’s influence was looming. Each setup becomes irrelevant if not already developing during the open, and Monday’s gap up ignored both to quickly indicate its intend to extend. The 2443.50 prior high was probed up to 2450.00 during the first hour, 19 points above Friday’s close. The morning bias environment only dipped,, but the afternoon produced two slightly higher highs up to 2451.50. All prior “unfinished business above” was neutralized, and a new requirement was created at the afternoon’s unmet 2454.00 bias-up target.

Overnight action’s new info…
A last-minute dip through the futures close had retraced 61.8% of Monday’s last upleg which had emerged from the afternoon bias environment. Overnight ranging was even narrower. Firming to attack yesterday’s highs up to 2451.00 was already drifting back down into Europe’s opens, now piercing a fresh low at 2447.25.

If, then…
Yesterday’s pattern following the open’s surge had chopped its way flat-to-higher. For having developed immediately upon probing a new high, the reaction can be considered restrained optimism. It’s not outright pessimism, but it’s still potentially bullish from a contrarian perspective. Extending higher is likelier than a downleg — at least, an immediate pullback prior to neutralizing 2354.00 would very likely recover. This safety tether will disappear upon fulfilling that higher attraction, and not creating any new objective or leaving any other new objective outstanding. Then the rally becomes as good as its momentum, or lack thereof.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2447.00 would be unlikely to trigger the 2449.50 bias-up signal at 10:15. Exiting the open above 2451.25 would be likely to trigger bias-up.

Phonetic dictation…
good morning welcome it is Tuesday it’s time for Tuesday’s Morning Market to and nothing new over night absolutely nothing new over night nothing overnight yesterday was of course an interesting day having rallied overnight trended up overnight and gaped up couple of potential pitfalls were ignored basically first of all one-way Relentless overnight trending is vulnerable to being reversed whichever direction at the open greeting a new week that is coming out of the weekend with extreme sentiment as often not the majority of the time but often enough to be aware of it I sent them into extreme and either of those two are going to be obviously rejected or terminated basically coming out of that opening 15 minutes of all today if they’re going to be at all in the default is the opposite and we got the opposite we all speak of it in reviewing yesterday’s open stop being influential as soon as the open which had turned it up post 945 printed a fresh hot right there we knew it was dead and this is interesting because all the way through it even though should not be surprised if today is and take care of whether it’s dropping back to lower prioritize whether it’s 24 36 or even lower to 3150 32 either of those would actually be much more bullish longer-term than to Simply extend the rally right away but any case there is potential there is one ability to retrieve sment alright let’s see as far as where we are over night there was that late recovery out of the bias environment exit and we just basically there’s 24 5025 cassion clothes extended through the Futures clothes and that’s basically where we been since that very narrow ranging just now actually piercing the overnight low that was set early at 4750 piercing and buy a giant tick buy a single Tech that’s there’s no reason why that can’t extend down itself but if it does it’s opening at a deficit creating a gap in other words back to yesterday’s Cash Station close I don’t want to be filled so it’s I’ll be Rollin to be a seller early I wouldn’t mind seeing a pull back here gap down to be able to consider buying for a probe prize for getting that 53 or 54 out of the way alright let’s see how the markets still on this range still behaving at topoli and still sitting optimistically shopping optimistically short of touching any prior low or lower Pryor High that is before bouncing back into the range so it’s I’ll be moving this cell signal out because that’s where it belongs and it still belongs pound weaker remember it came right back up to maximum balance limit was actually proved but nothing sustained this cell signal that was pierced head of Thursday’s open being pierced again same cell signal less likely to hold this time likelier to break lower at least fill the gap Looney weaker here you know there’s a higher close outstanding because of this confirm Breakout so it’s tough to Longbine still fluctuating in this range interesting Lee the overnight touched Sunday nights I or I’m sure that really the bounce limit that’s been tested a few times back under 155 really 155 155 o102 but 135 back in at 1:55 says 150 329 the lower end of the range is in play and under 150 329 says top has formed meanwhile until that break and actually because of the delay in the brake if there’s anything higher any kind of firming at this point is been so thoroughly tested the upper end of this range anything higher probably at least probes higher I’m not prepared to say that a new rally leg gets underway the probes higher crude oil not a happy night we need to roll this forward by the way to August so you can see almost a $0.30 premium but the bottom line with crude oil is its to first of all balance limit by signal not even being challenged The Unfinished Business it was below here this gap down under all prior Lowe’s from the 8th so coming up on almost 2 weeks we can have just wasn’t rejected here’s a better template there was a gap up above all prioritize for that range it was tested and then rejected didn’t needed to see something similar to that on the down side to consider that a bottom and didn’t see it API results are after the close by the way and then tomorrow this will not know Matt’s here’s the problem is if crude oil gaps down today as it’s indicated to do it’s going to take a lot of bouncing back of that.

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 flat open at 2432.00 has until only recently spent most of the night attacking 2437.00. Sliding into the open extended through the open to 2420.25. That was the bias environment low, which was recovered somewhat into the noon hour when the bearish WedEX influence began. Mostly flat ranging would have fulfilled WedEX. But a surge began almost within 3 minutes of the cash session close. It extended through the futures close to attack 2435.00.

Overnight action’s new info…
Sunday night’s open dipped very shallowly, and ranged shallowly. Then it surged up to 2437.50. The rally resumed into and out of Europe’s opens, extending briefly up to 2440.25. It’s reaction is testing 2437.50 as support.

If, then…
If WedEX’s bearish influence is valid, then Monday morning should trend down. Regardless of the open, which could gap up considerably. Despite not much of a bearish influence Friday afternoon, the burden of proof is on buyers. Rallying through the open to a fresh high would meet that burden, targeting new highs at 2445.00 and higher, if not also a new high close. Not rallying early, or rejecting an early rally, could be contained within Friday’s range. A downleg isn’t required to fulfill “unfinished business below” at 2418.75, 2415.50, but it would be likely if a  morning downleg were to dig too deep.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2440.75 would be likely also to exceed the 2438.50 bias-up target at 10:15 to renew the bias-up signal, next targeting 2445.00. Exiting the open above 2336.00 would at least be likely to trigger the 2333.00 bias-up signal.

Phonetic dictation…
okay good morning and welcome we had some conectivity issues initially so it’s a little late getting out apologize for that but the Market Tours a little little easy and we were at a binary situation basically first of all on Friday morning Friday morning rejected what what what had been in early rally Thursday night that plaid Toad and ranged nearly four hours until coming home within view coming within view of the open tell me within view of the open and greeting the open already sliding plunging even with unfinished business outstanding below couldn’t get the market down deep enough to satisfy that at 1875 there’s unfinished business even lower than that the balance of the session it was an expiration session rallied and this is where we’re left is at Fridays close as of Friday’s close having surged into it that’s a little optical illusion because before we got to the cash session close which is right there it had been not a downtrending afternoon not a biased down afternoon sort of mean any probe above above the noon-hour xentry right about here was retraced back under or to the noon hour Zen tree so that at least would have qualified as rallying or by us up or disqualify the barest wed x influence which is our filter for looking at this morning’s open and perhaps this morning entirely but when we got to it in 3 minutes of the cash has some clothes and actually even it was just a minute before a minute or a minute before minute or two before getting to within three minutes of the cash and close that’s when things took off that’s the cash session clothes and then expiration as is a characteristic with it extended higher that’s the Futures close 350 and after maintenance notice that notice that this is and this is Friday the price extended even higher to 3475 so we’re way out of whack with Friday afternoons prices if there’s a barrage wed x then it doesn’t really have any effect or shouldn’t have any effect on the overnight what is it have an effect on is the intraday Post open Action so that’s why the barest FedEx is going to be our filter for viewing this morning’s opening action and if it’s invalidated through the open by trending up above Pryor High and maintaining that probe of Bubba Pryor High then that’s it for Bare Esthetics influence after this even though late performance on Friday if this morning’s open isn’t resolving down or coming out of the open resolving down then the morning won’t matter but if the morning if the open that is it is be racially inclined then we will continue using that bearers filtered of you the rest of the morning and the rest of the morning at the very least would be targeting a retrieve sment back to Friday afternoons rain doesn’t have to get there just has to Target as to be attracted to it the point is not be attracted to Gap up this is where it gets interesting couple of influence influence this morning who the open if it’s not exceeded through 10:15 that’s going to be our first opportunity to view the morning as being bearish retracing where well there’s room down to 33 at least the bicep signal and if by 10:15 both 3850 + 33 of been rejected that automatically puts into play it off saying test of the bias down signal at 24 if 3850 were touched Post open so it’s rejection was actually done by the Post open crowd not just failing to exceed it or touch it or failing to exceeded Post Post open then the bias down Target is 1875 that level that was left outstanding Thursday so it was a tech Friday morning so lots of downside if all of the overnight action the one-way Relentless single-minded overnight action greeting Monday with a gap up action often finds counter-trend action Post open Post open off encounters the overnight in those instances in those setups if it doesn’t do it at the oven if it’s not being rejected at the open is not going to be rejected and we’re going to look up if it’s not being rejected at the open at the overnight Rally’s not being rejected by the opening exit or as the opening exit is ending then our next objective is higher there’s very little possibility of the railing return to the highs if that point Wednesday’s pre-open Pro or attack on actually last Friday the prior Fridays hi there within a tick fresh highs 24 4315 Bingham Pryor High 2445 the next objective not that we get there immediately but very little if anything can derail it if that’s the case alright looking at other markets starting with the Euro which is gapping up here it’s got no requirement for any lower if we have objectives at 111-110 basically lower until then there’s a test done on Friday and now overnight there’s a bounce to so back up into the range make it such significant support may be the better word is reliable least some bounce off at is likely it’s less likely to just break through it especially on his first attempt having said that though under this Gap start feeling that and we’ll be looking for lower price down to 1238 initially silver which has its own issues down here digging a little bit deeper overnight down to 57 1657 there’s a gap fill down here being negotiated and it’s really a matter of there are lower prioritize down to 1630 on the next if in fact this morning is not recovering or we don’t come out of the morning recovery Long Pond already retraced Wednesdays Wednesday afternoons drop by 61.8% from what is then Friday is open or Thursdays Fridays opening dip sorry Fridays and so there’s no it’s actually .

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…
Gapping down Thursday to 2419.50 launched several wide-ranging legs centered around the open. One leg pierced the 2416.50 overnight low by 1 tick as the first hour ended. The decline ended then, too, as the balance of the session rallied up to 2433.00. No new unfinished business was left outstanding below. The rally  gained traction by exiting the bias environment above its noon hour high, and then trending higher through the 3:10-3:20 proxy window.

Overnight action’s new info…
2433.00 had been the target of the afternoon bias environment breaking higher. It was met through the futures close, and immediately reacted down at the Globex open. Barely piercing 2430.00 was deep enough to resume the rally up to 2436.25 by midnight. Ranging sideways since then has is indicating a 4-5 point gap up, which would fill the gap back to Wednesday’s 2435.50 close.

If, then…
The Wednesday Expiration (WedEX) signal is triggered at Wednesday’s close, and doesn’t influence price action until Friday afternoon. So, we never know what market level will greet it, let alone the interim pattern. But the scenarios can be gradually narrowed down. And gapping up to fill the gap from Wednesday’s 2435.50 close has narrowed it down to two. This morning is likely either to rally through the filled gap, or else reverse down from filling it. Any other morning could range narrowly around the filled gap, and then rally during the afternoon, but today’s bearish WedEX influence disqualifies that. Gapping and rallying could greet WedEX at new highs above 2443.50, for another likely rejection. Otherwise, already declining into the afternoon could attack or break this week’s lows.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2436.50 would be likely to trigger the 2433.00 bias-up signal at 10:15. Exiting the open under 2431.25 would be unlikely to trigger bias-up.

Phonetic dictation…
good morning welcome it is Friday Friday morning not afternoon welcome to this morning’s market tour so we’ve increased yesterday afternoon just says almost session long rally increased it proved it back up to a relevant resistance interesting Lee the Improvement was pretty much after an opening dip last night had improved all the way through midnight in to midnight by midnight and the balance of the night since midnight has fluctuated basically in a three-point range added a couple tickets at the high on here’s what’s being tested at the open it is the gap back to Wednesday’s close recall Wednesdays close included Wednesdays opening High overnight games had a head of the fomc afternoon decision and yelling Q&A overnight gains were hopeful and then there was the Congressional shooting baseball park shooting in Washington DC outside of Washington DC and that just messed things up for that and made it difficult to rally on the fomc news the Gap back to Wednesday’s close indicated to be filled at the open now I’m in this is quadruple which so can’t rely on anything that we see at any point certainly not pre open there’s some interesting economic reports coming out I believe is a consumer sentiment or sleepy I have a case either case let’s find out consumer sentiment was so dad morning were to take its Gap up assuming we Gap up and rally to Fresh hives and embarrass wed x comes in and the Bears what exit is a passive recall it it’s a passive Berry sweat X which means it was triggered by holding a test of a prior High well the afternoon if there’s a passive Berez wet ex becomes vulnerable to trending back down not producing a new I close not on a Friday by the same token if the open opening action holds the test of the gap and Trends down and then greets the barest wet X that’s not very far from Pryor Lowe’s so we’ve got probably an interesting morning as much as an interesting day it’s also not unusual pattern the gap for a gap in this situation to just hover basically back and fill before rallying in the afternoon but if we’ve got a bare Esthetics this should be precluded so just hovering here through the morning is actually going to be a warning that the wed x may not be bearish we’ll talk about that little bit of stuff going on an overnightsilver retested it’s Island islands are made to be retested the tither for the purpose of eventually breaking it or recovering from it overnight action is not revealing which but the question is whether silver is going to be predictive of precious metals or gold gold has a island that it created in the same time that’s silver was testing its Island and it’s not showing any signs of letting up and there’s room to bounce up 266-6625 before even indicating that the island has reversed up okay Long Pond hasn’t quite rejected Wednesdays huge surge it didn’t confirm either the Breakout from this multi-session range so whether just got ahead of itself or that’s a massive top which is the likeliest scenario not overwhelmingly like we’re would have been overwhelmingly likely are had yesterday clothes back on the 155 but will still take a clothes under 155 is an indication of returning to test 159 2153 29 and there is just very little support remaining at 1:50 329 so much of it has been chipped away and having tested 153 29 to the degree that it was tested there’s just there’s really no polish reason to revisit it again crude oil it’s not so much a second consecutive lower close here under the prior low despite having neutralize the attraction below it’s just a failure to reject the lower close so it’s not a confirmed but not currently grants for tomorrow morning that is a Saturday review we have a Saturday review next weekend as well and then not over the following weekend since the holiday good luck today .