Pre-market Tour

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…
The holiday-shortened week was greeted Tuesday by a pre-open test of last Thursday’s 2408.50 gap. Its post-open tests also held, and the lower bias-down signal wasn’t even threatened. That round of sellers were done, and no other catalyst arrived to try again. But their hesitation wasn’t exploited, as the afternoon only recovered to test unchanged at 2413.75 — buyers only retraced the earlier selling and never rejected it.

Overnight action’s new info…
Tuesday’s last-minute dip to 2410.25 was tested after the Globex open, and retested at Asia’s opens. Firming into Europe’s opens recovered to attack 2413.75. A 3-point dip recovered entirely to touch this morning’s 2414.50 bias-up signal. That’s still overlapping the natural resistance of both Thursday and Friday’s closes, but better positioned for gapping up above yesterday’s highs.

If, then…
Tuesday morning’s sellers weren’t marginalized by only retracing their efforts. That required closing in positive territory. Maintaining a gap up and extending it can still serve by proxy. Attempting to gap up is only half the battle, and may have the opposite effect if not maintained and extended. Stalling at yesterday’s highs would only have stretched the rubber band to snap back down, in a pattern that remains vulnerable to another round of selling. A successful gap up could extend to 2422.00-2424.00. But snapping back down would find Thursday’s 2408.50 opening gap offers no more support on the way down to 2399.00.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2415.00 would be likely to trigger the 2414.50 bias-up signal at 10:15. Exiting the open under 2411.75 would be unlikely to trigger bias-up.

Phonetic dictation…
good morning and welcome it is the last day of the month it is May 31 it’s Wednesday of a holiday shortened week at the screens now okay so it is time for the Wednesday morning Market or theirs as I say holiday-shortened week we’ve had one day down second day coming it is an interesting set up because yesterday we came in to yet another test of what had been a gap up in a trend but a gap up last Thursday Gap not an arbitrary Gap or arbitrarily plays The Gap at above the prior highs Pryor High that has been tested the prior day or attacked to it than it take her to and so that’s natural support and you can’t see it here but before Friday’s open for Friday’s open let’s get in here go there been a dip down to 24850 the 850 being the Gabba recovered before the open marginalizing those sellers but not high enough and not in a big enough rains or just wasn’t the same setup that would have allowed us to assume that was going to trigger a rally did get us back to the highs not that Friday did anything noteworthy at all other than being not worth a for not doing anything that were they at all then the holiday lot of posturing positioning proximity to prioritize but didn’t get it done and another 20 for 8:50 test before yesterday’s open not marginalized or not resulting and or recovering in time to open back above higher Pryor Lowe’s the 24850 was tested again for the first time intraday handheld again though not rejected it was more rejection Friday into Sunday night not recovering prioritize then there was yesterday Intuit racing back to Fridays and triggered a half hour later just have to Gap up maintain it extend it even then there would be a risk of 24 1450s bicep signal doesn’t trigger that would of course put into play and all sitting test of the bias down signal 40575 and for all intents and purposes and 408 50 has now been chipped away overnight and intraday we would offer little if any support in the way down to at least 2399 but just hold me a test of the bicep signal puts into play 2405 75 and likely for that to resolve down anyway get up we’re heading to 2420 and that’s just the bias of Target but probably above 2420 – 2420 to 2424 for the next opportunity for reaction down this isn’t a very solid base what a bit of solid base if this probe to its lower-end and recovered to close positive and could be a solid base if the Gap up is extended one of the thing to note in this pattern is such a narrow range it’s really tough to find these reliable but as it happens yesterday’s late action trended down the afternoons I printed during the bias environment so gapping up above it would also be a modest session long rally setup and we would qualify as a session long rally setup such a narrow range is not a lot of sewing being rejected not a lot of recovery being made so take that with a grain of salt but it would be again just another bullish set up and perhaps more predictive not for being triggered but if it’s rejected another bullet being another bullish setup rejected so again will give every benefit extending failing and failing to resume the rally can’t take it seriously at the overnight gold silver not much going on Silver actually outperform gold yesterday to significant degree now playing catch down as it were to gold that should create the potential for gold to resume its break lower which overnight it’s a little weaker but if it doesn’t basically take that opening that Silver’s weakness is allowing it that silver strength yesterday relative strength pretty much tonight or inhibited it from taking it doesn’t take advantage of that opening and Brake lower the pattern can remain barish the pattern can still have a bearish resolution likely but if Gold’s not taking advantage of that opening this morning by resolving down already then we’re all most likely almost assured of retesting Fridays Eyes First Long Pond again just no reason to delay extending higher no bullish reason no backing and filling needed crude oil down hard it just stuck between a rock and hard place yesterday what would have been a cell signal triggered under this uptrending support what would have been a Buy Signal triggered back above 4985 and then overnight breaking that support that is a Break by signal pretty much off the table at this point and natural gas fighting it that is a first clothes under a multi-session rain so it’s a break out and not that lower lows aren’t coming lower intraday Lowe’s are very likely in this pattern there’s no by signal being contemplated in natural gas the question is whether the breakout is going to be confirmed today by not only load of those but a lower clothes and the pattern is fighting it to some degree not overwhelmingly but again just not looking for any relief from this cell signaling durable relief from this cell signal anytime soon alright.

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…
I’m labeling Friday’s range as narrow, but only because my microscope is at the shop. The session was largely contained within 2 points between 2413.00-2415.00, except for a couple of brief moments either way. And that was contained within Thursday afternoon’s actually narrow 4-point range. Friday’s ranging required recovering a pre-open break to 2408.00, which wasn’t rewarded. The 2314.75 close was flat with Thursday.

Overnight action’s new info…
Sunday night’s 2-point opening surge to 2417.00 barely pierced Thursday’s highs (except for Thursday’s late blip-up). Dips touched unchanged at 2413.75, which was still being tested at Monday night’s open. Asia’s opens triggered a dip that attacked 2410.00. Its recovery attacked 2413.75, but only to range sideways while retesting 2410.00.

If, then…
Last night’s range is twice as wide as Friday’s intraday range, and it’s still only 4 points. Unfortunately, the range’s absolute narrowness is more predictive than its relative expansion. But the rally’s sudden and ongoing inertia does confirm the 2415.00 target is relevant. Ranging only narrowly there doesn’t prevent trying to extend higher, but it makes trying to extend higher likely to fail from 2421.50-2424.25. Nor does the narrow range represent stability, so a dip to 2399.00 is possible. Either way, a dip would be less likely to return to Friday’s range.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2413.00 would be unlikely to trigger this morning’s 2416.25 bias-up signal at 10:15. Exiting the open above 2409.50 would be unlikely to trigger the 2405.75 bias-down signal.

Phonetic dictation…
good morning welcome back from a long weekend long holiday weekend it is Tuesday Monday was a holiday in the u.s. Memorial Day so it’s a holiday shortened week number of reports are squeezed into the four remaining days and some of them are stacked on top of each other and usually what is odd is that terribly odd because we don’t really have that much of Allah Tony when us markets are closed what is odd is the extremely narrow range you know this is over night I had Friday’s open this dip this dip under Thursday afternoons at that point relatively narrow range Four Points not including the late surge that was retraced that was nothing compared to Friday I was traveling could not have picked a better day your welcome very narrow range little into points but for tick here or there couple things here and there 2 point range relatively relatively narrow range Sunday night or two points to basically Pierce Thursdays I buy a tech all the while on 24 1375 was Thursday’s close it was Friday’s close it was Sunday nights Lowe’s it was Monday night Monday was closed Monday night’s low moment earring low before your ages opens broke lower that’s basically where we been ever since having broken lower on Asia’s ranges open and consolidating that but still still within this bigger range under Fridays narrow range and above Thursday’s loan at Thursday’s reopened dip Thursday’s pre-opening dip is somewhat of a warning shot across the bow in other words near Miss but they’re recalibrating for another shot and 2415 which was the long-standing objective of this rally here you can see the chart without the overnight action and see the last couple days last week having tested it held it raised nearly there pretty much confirming that’s irrelevant level and not leaving any unfinished business above other than Thursday’s Gap up above all Pryor High is that a very wide Gap up but 2415 having now been confirmed as a relevant level the long-standing target having fulfilled a lot of buying pressure the narrow ranging even this pre-open Dipper overnight dip back to Thursday’s overnight or Fridays pre-open dip or attacking it none of that precludes one more probe higher but an intraday probe hire as likely to fail so if there is an intraday probe higher it could fail from from the 20s 2224 plus reach – 24 24 24 and then fail but I from this base but do that with stability don’t confuse this Niro raging with stability it is more indecision is more insecurities in ability to withstand a dip find buyers below buyers not interested in pushing price iron a lot of this is a function of the limited volume and participation but only to degrade will see the answer to that of course at the open but if it’s a push higher from this narrow range it’s likely to return to the range if not also through it if there’s a break lower first a break lower doesn’t have that same likelihood of recovering or returning back into this narrow range of break lower could reach and probably would reach under 2423 99 before bouncing lower prioritize down here hire private lives up here wanting to be retested possibly bouncing to this HAARP rilos possibly retest that never rang. There’s a gap back to Thursday’s open at is resistance and went slower Pryor tested the Gap back to Thursdays 8:50 to 8:50 could be enough resistance to allow another down leg to begin there is no requirement to Trend any higher breaking lower so for that is the Line in the Sand if this is a valid breakout 6150 will maintain its recovery and that would basically put in the play I’m innocent number of attractions and resistance points but essentially new heights very slowly okay otherwise closing today under 6150 would indicate this was a false break and if this was a false break then this pattern will unfold very quickly to the downside so we’ll know relatively quickly whether this was a false breaker because it’ll be rejected relatively quickly today therefore if we make it through the that this is a break out and stop alright any questions please post them to the chart room I will see you before they open okay 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

REMINDER: I’m away from the screens Friday. The chaRTroom WILL be open. I’ll likely update before the final hour.

Through the prior close…
Wednesday night’s rally from its 2402.25 close had produced a “new Globex trend extreme” at 2412.50. Opening Thursday at 2408.50 wasted no time extending higher to retest the overnight high. No time was wasted from there before fulfilling the longstanding 2415.00 target up to 2416.50. Its reaction down into the noon hour’s low attacked 2410.00, and the balance of the session attacked the morning’s high. Despite gapping up and trending higher, the rally gained no traction for the effort. Which is why a spike-up attacking 2418.00 into the position-squaring window’s exit was retraced entirely into the close.

Overnight action’s new info…
The retracement of Thursday’s late spike-up extended gradually. Thursday’s noon hour attack on 2410.00 was itself attacked. A 5-point surge through Europe’s opens touched this morning’s 2415.75 bias-up signal, and has been retraced to touch 2410.00.

If, then…
Yesterday’s noon hour dip had targeted at least 2410.00, but the delay in testing it makes it unlikely to be very supportive now. And without gapping up above the longstanding 2415.00 target fulfilled yesterday, the pattern is more vulnerable to reversing down — whether backing-and-filling to Wednesday’s close and “lower prior highs” at 2401.00-2404.00, or correcting. This being a Friday, the morning’s bias is likely to persist through the noon hour.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2412.50 would be unlikely to trigger this morning’s 2415.75 bias-up signal at 10:15. Exiting the open above 2406.50 would be unlikely to trigger the 2404.00 bias-down signal.

Phonetic dictation…
good morning welcome it’s Friday it’s time for Friday’s morning market tour quick reminder that I am away from the screens today chart room is open it’ll be open all day long obviously we’ve got the Morning by its parameters they were published after yesterday’s clothes as usual and I should be able to update those I’m not sure how close to 10:15 but reasonably and hopefully it’ll be an obvious signal I’m not sure about a morning update Post open update I will try I hope to get that in and don’t count on a p.m. by the afternoon by signal that just may not be possible but if it is at all possible I will do it and I’m pretty sure that I’ll have something an hour before the clothes not entirely positive but positive positive attitude toward anyway no Market rap record something later tonight and send it out right up and do the right up and all that but there’s no training tomorrow so no rush no Saturday review of course it’s a week and holiday weekend that is and being a holiday weekend of course nothing on Monday because Memorial Day in the US but the chart room I believe will be open Sunday night as normal es trades Monday through noon sent to 1 Eastern 115 and then back to normal then it opens again Tuesday or Monday night normally and see you again Tuesday alright as far as today not entirely on your own I think we can see what is going on here longstanding ties and also scanning 2415 Target trying with all its might to extend higher yeah maybe chipping away at its resistance if it’s retarded is her tested overnight right up to 1575 which is this morning’s bias up signal it was yesterday afternoon to buy a signal if that is not going to break her then we’re looking at backing and filling advance notice if we do down and down and down there will be this Gap up yesterday that wants to be retested from Below weather that’s from just filling the gap testing lower price of 2404 filling the Gap back to Wednesday’s closed centrally for 225 2401 some more lower prize weather that’s from deeper correction the Gap back to yesterday’s open will want to be were tested From Below eventually so just a little bit of a dip here and this would be the most pattern for today forever would be deeply enough to touch or deeper at least as well to confirm that this was topping let alone a closed under 12 47 to signal that momentum in Traverse Town and so breaking higher now to 1267 1267 + which puts us above the higher priorities it we’re being tested up to 12 6150 which puts us now attacking the upper end of that range that contains the higher Pryor lives testing the upper end of that range from Below so there’s one opportunity here to end the rally and if the rally doesn’t end here it’s in another up like that one opportunity to end the rally here hold the test of the upper end of this range here’s that hire parallel that was tested retest and held now testing the upper end of that range closing above that upper end says highs will be retested that’s the reward basically for these buyers to return to the Heights consequence a consequence to holding a test of the upper end and then closing back under the lower end back under the lower Pryor Pryor Lowe’s at that point lower high 6150 the consequence would be to stretch this rubber band to snap back down so that’s the Berenstain Ariane gold is to close basically today back under 6150 and we haven’t traded yet high enough to test the upper end which is closing under 6150 would be bearish and meanwhile silver is up as well it out it had been outperforming gold gold kind of playing catch-up but still trading higher as high as 1732 coming into this resistance if this is not maintained this consolidation that was developing if that’s not maintained through today’s clothes then the next time jective is 1790 so really we give every benefit of the doubt any clothes Above This range is still subject to confirmation from a second consecutive higher close on Monday silver will be training Monday your long Bond other than two Trapp shorts there’s no bullets reason to further delay resuming the rally this is getting a little bit heavy the rally that has an objective filling the Gap back to the Hyatt 155 13 sew up a little bit overnight still short of the upper end which needs to break car brake are aggressively I’m all the different Catalyst for bonds to break higher aggressively today stocks crashing or collapsing or sliding sharply or broadly would be one of those hotels like 4 but would be one of those catalysts just saying crude oil looks like it’s on Wednesday so this is one of the is today would confirm that the trend has reverse down it’s not for lack of trying but notice that price action is forming an inverted Head and Shoulders here so it’s going to be doubly impressive for sellers to produce a second cuz they could lower close today especially now with that lower level overnight but that lower low overnight is not in itself predictive of closing lower and if that lower level overnight doesn’t produce a little close today that’s just one more reason to anticipate at least a corrective bounce and then Natural Gas flirting around this is July which 330 equates to the 321 cell signal I’m going cell signal where I’m going low and in any case it have been tested and retested ririri tested again to the lowest levels in weeks yesterday there is no other participation by me in the chart room today not with any reliability reliable time so I will when possible if you have questions post them and I will respond when again when possible you already taking off for the weekend have a nice one thank you so much for being here 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

PROGRAMMING NOTE: I will be away from the market Friday. Market Tour and chaRTroom WILL be available, and possibly two intraday updates before the holiday weekend. Also, NO Saturday Review this weekend.

Through the prior close…
Wednesday’s 2400.00 open qualified as gapping up by a 2-3 tick margin above Tuesday’s highs. It reacted down immediately but only retraced 61.8% of Tuesday afternoon’s range, which had been relatively narrow. That narrow range persisted until FOMC Minutes triggered volatility that resolved up to 2404.00. Unfinished business left outstanding below at 2391.00.

Overnight action’s new info…
Hovering at 2404.00 into Asia’s opens spiked up to 2411.25, and began consolidating around 2409.50 Eventually improving to 2412.50 ahead of Europe’s opens was overly optimistic, and retraced down to 2505.50. A 5-point bounce from there is now consolidating again around 2409.50.

If, then…
The rally had eked its way back to and through “higher prior lows” at 2397.00 without reacting down through its close. That had become likely to test prior highs at 2401.00, which also held up through its close. The trend of higher highs and higher lows had been coiling with narrowing intraday ranges, making any new high likely to begin by almost literally exploding higher. That explosion comes a little late, having spent more time testing 2397.00. And exploding overnight indicates a gap up, which is difficult to attract sponsorship. Probing higher to fulfill the longstanding 2415.00 objective is likely, and its timing will help to reveal its resolution — based on whether it precedes or avoids a healthy pullback to “lower prior highs.”

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2407.25 would be unlikely to exceed this morning’s 2409.50 bias-up target at 10:15 to renew the bias-up signal, next targeting 2415.00. Exiting the open above 2406.75 would be likely to trigger bias-up.

Phonetic dictation…
Alright good morning and welcome it is Thursday it’s time for Thursday’s morning market tour Thursday interesting overnight action not with Europe so much as with ages opens already we agreed it well exited the markets yes a session finally probing back Above This these higher priorities 2397 sort of on Monday but short of 2397 this the highs last consolidation hi sessions last consolidation are parallels 2397 Gap they’re attacked on Monday not actually touching the higher part of those just barely nicking the lower end of the range that session so that the next session was unlikely to Gap up and LeapFrog over and extend through which is a classic pattern and instead on Tuesday then actually chipped away at that resistance or tested it became likely to at least probe it to its Pryor High 2401 and then another session that was yesterday yesterday morning actually threw the new tower inhibited suppressed perhaps after the morning because of the impending FMC minutes but still an entire timing window in addition to the overnight and when’s and Tuesday afternoons timing window which is excess excessive overlapping 2397 instead of working through it already that’s coiling we talked about the coiling indication just say morning narrower and narrower intraday ranges open versus closed or low versus intraday high and 24 points 19 points maybe 8-10 doing this or 17 Donuts off the top of my head 974 noon even narrower until the what does when it comes into resistance is resolved one of two ways and the one way of typically resolved by almost literally exploding higher which this is not yesterday afternoon was not almost literally exploded and and possibly getting involved 2404 or is Louis 2401 instead of overly optimistic we extending hires 2415 then that would be an interesting long entry and interesting by for the attraction back up to the overnight hi it’s a new Globex friend extreme there’s complexity here above prioritize there’s one sponsorship and other sponsorship to hire high that overnight High requires being were tested in today at some point and then to 2415 but if instead the open is greeted gapping up and then Extenze higher without delay or at least extensor without pull back to 2415 depending on the timing of that say through the open I’ll be looking probably to sell that I’m still need to see the actual open then and now I just here waiting for any 15 minutes of all day because that is the one possibility for extending hire through 2415 today that is to maintain the Gap up and to extend the Gap up through the opening 15 minutes of all time if the open is going to be here and and attract reinforcements which will know because of that character of trending up through the open it attracts reinforcements to the open then that is the basically one pattern that gets us to new highs or gets us to Trend. That’s early throughout the day but they’re not the morning to substantially higher highs than 2415 that would be almost an automatic one almost still a path down from that pattern but we’ll talk about that if it happens alright so we’re into that danger zone room for noise around Pryor High satisfying some other existing patterns upside of Jack Tubbs with unfinished business below with slow work done through resistance to get there and rather than almost literally exploding higher today’s open for the intraday crowds and be invested in basically producing that overnight leaving them behind needing to dip down at least to pick them up or if extending too much I earn extra light getting too much done too soon of course we Gap up and reverse down it’s going to leave a gap at standing back to today’s open but that can be left out standing for awhile alright any questions going to update will be available so level 1 1285 to maintain the potential or likely that actually of correcting down feeling one Gap maybe to without closing above 1 1285 that’s the Euro the Looney did not complete a pull back to the to the 7365 area lower prioritize before coming back in to fill the Gap back to Tuesdays open instead had some pretty harsh comments from Bank of Canada that responded to Higher and Higher and even higher overnight trying to probe higher I’m raising the cell signal to 7430 that would get that correction underway but closing above closing above what is the 261 8 extension of the inverted head and shoulders of got this pattern going to begin with got this rally going closing above 7455 that would be bullish least for extending the rally but I wouldn’t want to be short into a closed above 7455 and then the pound just not holding it certainly trigger that Buy Signal and was productive it’s kind of off a little because it happened overnight but just hasn’t been able to hold it on a pulled back now I’ve been probing under yesterday’s low but at least closing of yesterday’s Low Wood and the rally and then RC try to hold at least 7465 lower 746 lower price that had printed overnight and then intraday the first test dipped down to 74th call at 7435 at least that a break under 7435 would likely reverse down silver for overnight remember there was a two nights ago that actually made it down to the islands close and then bounced right here bouncer at least racing there’s one break above that island and attempted until there’s actually closed under not just that Gap above Monday’s high first available close and only by probing above the confirmation session very late in the day to that fresh high and tried probing higher yesterday but failed so first indication that the outside momentum having fulfilled the target was laughing and then here’s some OPEC news overnight that’s making it even more difficult than 250 5005 so no actual signal here if you know gapping down presumably gapping down not under this range but under the breakout sessions close which is effectively effectively 50 50 50 55 enclosing under it that’s what reverses momentum down and the natural gas reports today 321 still being tested it was an opportunity to close under yesterday that wasn’t exploited but now that was it rejected despite Providence today and being in proximity position to close above it it was pretty magnetic so not reading the eia report from a position of strength let any questions before the open right 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 gap up above Monday’s ~2394.00 highs was shallow, resisted by week-old “higher prior lows”and a week-old gap around 2397.00. That resistance was being tested at the close, after session highs had twice pierced 2399.00. Not much of a slope — in fact, Tuesday was the fourth consecutive session of closing higher than the open, while intraday range continued to shrink to 8 points from 24 points last Thursday. The afternoon ranged just short of touching the morning’s high, without resolving down. “Unfinished business below” was left outstanding at 2388.75.

Overnight action’s new info…
Flat-to-lower shallow ranging essentially held tests of yesterday afternoon’s attacks on 2395.00. Europe’s opens sparked a rally back up to yesterday’s highs testing 2399.00. But price contineus returning to 2397.00.

If, then…
Yesterday afternoon’s range still hasn’t been rejected, adding to the potential for probing a fresh high. This would only stretch the rubber band tighter after last Wednesday’s confirmed trend reversal. That has now been fully retraced to its 2397.00 origin, with two days spent exclusively back above the original 2379.00 signal. Being Wednesday ahead of a three-day weekend, today is vulnerable to a steep reversal of the prevailing trend. Probing fresh highs intraday without gapping up would be vulnerable to an afternoon collapse. Gapping up to probe fresh highs wouldn’t be entirely safe, but would at least open the door to an afternoon squeeze.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2401.00 would be likely to trigger the 2399.00 bias-up signal at 10:15. Exiting the open under 2397.00 would be unlikely to trigger bias-up.

Phonetic dictation…
good morning and welcome it is Wednesday at Stanford Wednesdays Morning Market to or not a lot going on overnight would you actually doesn’t mean much last night it just doesn’t we had a signal that tried triggering yesterday afternoon 98 touch too late and yesterday’s clothes to be influential accept his resistance which is persisted overnight finally getting that chance after your UPS opens proud of that not much stress on support yes afternoon Angelo’s had been probed basically 9650 was that inflection point also overlapped overnight and ever actually broken 2395 testing for 75 in case that can be anticipation ahead of it or in a bishon because of it so be aware it to is the fomc minutes finally I’m in the one other thing to point out is we had a trend change signal on Thursday I’m sorry Wednesday and if you look then we go there’s the trend change signal reversing from a fresh new fresh hide back under the last relative low closing and not recovering it the next day Trent change which requires her to be at least an eventual other lower clothes fresh low close in this case not just another clothes under that trench and signals or something under 2351 5150 that is out there because this is a confirmed Trend change in the interim prices only rally back to the origin of that Trend Trend change leg that’s all it’s done is retraced hasn’t done anything that hadn’t been done already now the one thing that suggests there is going to be a higher hi at some point is that each of these sessions kind of cooling the ranges each intraday range is shrinking versus the prior range 24 points back here with 17 points 9.7 or 8 point I think is the numbers and that’s wild trending each of these sessions closes above its open so kind Cooling and other words not just those data but also that it’s creeping higher and higher to resistance and that often resolved by almost literally exploding higher and even if it does what’s important is how that closes and almost literally exploding higher here well that could follow through and do a more substantial or sustained leg there’s another element involved specific to this particular timing that could speak very differently to that resolution in other words this is Wednesday a head of a three-day holiday weekend and if there’s going to be any big Trend kicked off or big correction made this is when it’s done has to be done typically by today not always in fact the last three day holiday weekend and didn’t the last three day holiday weekend just extend it but if this is going to go with a more traditional pattern than a it’s vulnerable to almost literally exploding higher remember Post open can almost literally explode higher like from yesterday afternoon and they overnight we’ve just been ranging sideways if I’m going to almost literally explode hi we’re going to do it right away so be ready for that if that happens again is 2405 may be tough to come by to help support corrective got a gap down here at 1 1115 maybe even lower prioritize down here 11010 so it’s been a pretty productive by signal but it’s really maxed itself out not that this can’t range or fluctuate a little bit above up here first but it’s a little late to get vald to the upside veloute looking for its pull back corrective go back at least the pound got to hold about 120 972 maintain potential to at least one more higher high then the Aussie back under 7465 closing back under 7465 what at least suggest upside momentum is lapsed as far as the cell signal that would it be sufficient but another is back under these lower otherwise.