Our weekly TPO Profile graphics for 10May.
Plotted are Key Structural Support (blue), Resistance (red), and Points of Control (green).
The graphs show monthly timeframe development of the
buyside directional phase from Apr’s Stopping Point Low, 85.60s,
to May’s Stopping Point High, 97.20s (left) and last week’s
development of that Stopping Point and Balance Phase (right).
Our weekly statistical study plotting the key reference levels/weekly close for 10May, projected levels and inferential analysis for week ending 17May.
The market balanced within the Key Supply Cluster, 95s-97.20s, early in the week before initiated selling entered the market, driving price toward the Weekly 2nd Std Dev Low, 93.66s, continuing toward Structural Support, 92s, where the Stopping Point developed midweek.
Following the midweek Stopping Point and shakeout of weak long inventory, the market encountered initiated buying, driving price higher during the back half of the week back up the range, achieving the Stopping Point at/near, 96.45s, closing the week at/near the high.
These studies helped inform our subscribers of the Structural Development of Balance coming into this week’s auction as well as implications of a directional breakout of that Balance. This knowledge of Structure as well as Statistical Expectations provided quantifiable, potential destinations (93.50s/92s) and strategy (short positions upon Balance Area failure closed near Statistical & Structural Supports, long positions following Stopping Point development back toward Overhead Cluster & POC) in congruence with the market structure.
A holistic view based on the market generated data and probability logic.
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