Today Could Get Interesting

Friday "Cash Session" activity is biased towards weakness out of an AM session high. The best case probabilities are not strongly bullish. If market makes a lower high around 9:00 am then probabilities dramatically skew towards negative for the intraday session. The positive case is a choppy session with a 10 to 10:30 AM high. A pre 6 AM high strongly increases weak market structure projections.

One thing to keep in mind is that daily MSP (Posted yesterday)  is also downward bias from today's AM session into Monday. I use these tools as an edge, IF the market does not produce a recognizable market structure fingerprint with its AM behavior today's edge is compromised. A bimodal switch to adjust: If market makes new highs much past 6:00 AM then there are increased probabilities for upward biased market structure. This would have probabilities favoring a choppy day session with a high around 10:30 AM. So to reiterate: final cue that downside today would be improbable would be if market is at the AM highs into 9:00 AM. Then market structure projections edge is not clear because there are NO highly probable upside structures today.

June 19th, 2015 Intraday Market Structure Projections

June 19th, 2015 Intraday Market Structure Projections

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