Not a lot to say about today, not clear bimodal switches. Positive and negative scenarios both have 9:00 am lows. Edge has to go to the RED (20-year data set) probabilities. Usually when market structure data is less polarized than normal across the scenarios, as it seems today, the probabilities shift towards a more choppy day for the DAY SESSION.
It is important to distinguish what is meant by DAY SESSION. This implies specifically the S&P500 cash session and not specifically the Globex (non-cash hours). During moves like the market is in currently - it leaves day session participants befuddled and attempting only to trade the consolidation of the move. Often most of the move happens overnight. As a commentary for the next few days, it is likely that the largest moves come in the non-cash hours and in fact that the cash sessions tendency is choppy or weak.
Normally a Wednesday in this context would be quite bullish. It is possible that the overnight move after today's close can extend if the day session turns out to be choppy. Would look for around 2:00 PM highs or conversely lows. On the daily and weekly MSP chart, as published yesterday, today's AM into tomorrow morning upward bias and that continues till Monday.
Will post more details as they arise - updates on Twitter feed.