Prior Session was Cycle Day 1 (CD1): Normal CD1 unfolded as selling spilled over into this session. establishing a cycle low at 4560. Range was 102 handles on 2.027M, contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2 (CD2): Late day “relief’ bounce has room to extend, though a retest of CD1 Low for surety would be the “norm”, as price is expected to work to balance previous session’s selling momentum. As such, estimated scenarios to consider for today’s trading.