Tuesday’s Session was Cycle Day 3 (CD3): Gap open faded to fill and once that was accomplished, initiative buying reasserted, as trend up day unfolded, settling one-point off high of day. Range was 77 handles on 1.458M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1 (CD1): Bullish momentum is anticipated to spill over into this session, with CD1 Penetration Targets measuring 4654 through 4663. Should the downside unfold, then CD1 Average Decline measures 4590. As such, estimated scenarios to consider for today’s trading.