Good Morning – Today is SERIES S1H and he SPILL is 79 DOWN with 21 UP… Yesterday we came into the day with a S4H NORMAL (Monday always contains the word NORMAL- see glossary “FLIP”) and we know from many commentaires that often the LOD on S4H IS the SPILL Low. The little pullback to 9:40 was assigned as the critical price to hold i real time for the SPILL.
The Bulls already had a small boost with a 4 handle GAP UP that MOST IMPORTANTLY finally HOPPED OVER and took out the 2391 SPOT… as long as the 2393.75 held the frill is simple: look for a move to an a.m,. High. Next we sliced an diced the 2398 SPOT (first passes are normal fades for +1 counter and slice and dices of a spot are -2.75: in this case 2400.75 would served as the slice and dice). We also know that SLICED and DICED SPOTS normally recover the same day. At this point, with no real PRICE information indicating we are not S4H, it is a matter of looking for the a.m. high and KNOWING that the 2398 is subject to recovery at possibly the mid a.m. low.
Price tagged the NEVER BEFORE TOUCHED IN RTH SPOT @ 2401.5 just before the top of the 11 a.m. eastern time. This simplifies the day as follows: The Bulls in order to to keep tracking the NORMAL need a soft sideways down mid a.m. low preferably holding the 2398 SPOT (2398.25 WET BEAK -see glossary) recovery and to no more than a STOP RUN REVERSAL of sid spot.Stop Run Reversals are -.25-.75 from the designated PRICE…The ensuing reversal from the HOD at the time @ 11:11 was residual basis the STILL tracking S4H NORMAL perspective and expected to be RESIDUAL pressure down to the mid a.m. low and 2 things are playing in tune with one another: The expectation of a mid a.m. low and the decent possibility that 2398 will be recovered with 2398.25 wet beak touch…This expected DROP is where tells of SOMETHING ELSE HAPPENING began to show up in the form of TIME not PRICE. …more
The move was hardly strong , it was soft sideways down.The issue is the bulls were not reversing the price to UP with any strength and we were going deep into the Lunch period which should be a high.This is where questioning the LEAN or looking for either Link Stink or WEDGE Zoom on S4H begins to creep into possibility. As the lunch hour was drawing to a close several posts regarding flipping the lean and most importantly , we should begin moving to a mid p.m. high were offered up at this time. This is where the FLIP was given. The mid p.m. high was sealed perfectly and did not produce new highs (aberrant) as it was rejected just below the 2401.5 SPOT ,,,MORE
The Bears failed to turn the drop to the last hour low into any real offense , barely taking out the 2398 SPOT (2397) and certainly not going after the GPA or even the 2393.75 pullback low where the SPILL was erroneously assigned with no damage , ie it is one of those days where although the lean was wrong until recognized , no real damage occurred and in fact money could have been made following the WRONG LEAN………..FINALLY
There is little solace to be had in being ‘right’ in what essentially became a 3 handle range SPOT TO SPOT DAY. 2398/2401.5 ..All of the above writing dealing with the day is exactly the tracking given in real time and it’s’ only applicative purpose is to show how the FLIP works, the SLICE AND DICE works , and how key risk prices are determined in real time…this WILL HAPPEN AGAIN in the FUTURE … now for the HONING..
HONING –Expiration weeks tend to skew up as the normal and the Bulls did get a Jump Start on that as they have created a cushion out of the gate. What the BULLS failed to do was go after the STRANDED PEEAN TRAP at 2403.75(French election trap) much less the lower cash price onthe 2409-2439.5 cash band at 2409 rather it be due to .the FLIP, the lack of an aberrant mid p.m. high , or on a squeeze to the close FOLLOWING the last hour low assignment.Failure is Failure , Time is NOT Price, and Price is your arse – Period. The Bears FAILED too when they had a shot at going for adeep lunch or last hour low. . What yesterday did accomplish is FUTURE NEEDS that are pretty well defined : The BULLS need to go after the Peen trap and more importantly THEY need to go after the 2409 cash and the 2407.5 SPOT — If we touch the 2403.75 in real time another SPOT will be added today at 2413 tied to the itty bitty fib at 2415 given last Monday ..If that is not touched the 2413 is not assigned,simple as that.The BEARS need to kill the 2398 SPOT for starters but accomplish nothing on the day unless they go after 2391 SPOT and on a 1 larger time frame they are now in need of going after the 2385 SPOT not just the back through of the 2379 COMMITTED akaTHE LATEST BEAR SOAP DORP… SPOTS , TA ROUNDIES WORK IN 2393.75 a non spot and 2403.75 a Peean trap for starters…NO CHARTS TODAY — will hine in on the move from 2328.95 cash to current close today in tomorrows commentary
FV -1.86 S1H 05/16/17 JUNE 2017 contract
DAILY WEEKLY
PIVOT 2397.7 2389.2
S1 2393.3 2379.0
S2 2388.2 2369.2
R1 2402.8 2399.0
R2 2395.5 2409.2
MAX H 2412.3 2419.0
MAX L 2383.8 2359.0
Range Projections
2395.5-2405.0 Primary 2384.1-2404.1
2390.8-2400.3 Alternate 2374.1-2394.1
TVS
2402.0 High 2419.0
2401.8 Low 2359.0
TWO DAY
2412.5-2416.1 HIGH
2378.5-2382.5 LOW
OPG 2398.5 2396.3
. H 2402.0 2399.5
L 2392.5 2379.5
C 2398.5 2388.7
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