Our daily TPO profile graphic for 24May, showing the monthly (left) & weekly (right) timeframe distributions, clearly illustrating the key upper trade cluster, 94.50s-97.30s, the directional breakdown with the development of a Balance phase, 92.20s-94.40s.
Our daily statistical study plotting key reference levels/price action for 24May and projected levels/inferential analysis for 28May.
Following Monday’s holiday shortened Globex session, Tue’s auction saw initiated buying drive price higher to 95.92s, at/near the Avg Daily Range High, 95.83s, before developing the Stopping Point & Balance into the close.
Here, our daily range study identifies the range amplitudes and the number of sessions achieving each amplitude.
Recent behavior shows of 22 NY sessions in April, only 3 exceeded the Daily 1st Std Dev.