Bias for Up Into Today’s AM Session Met – Here is Timing for Day

The separate post regarding Daily MSP will be coming. However, all the Daily AM session directional probabilities have been met so far this week. Ans as mention several times last week and this - "UP" probability were likely into today. This has been met. ALL Daily market structure projections are NOT from one market close to the next. But rather from Market AM session (Open) to Next Market AM Session.

Intraday, as shown below, timing and probability suggests an AM high most probably in the 9:00 Am area. IT IS possible that a more bullish scenario could produce a choppy day session with a spike to highs around 3:00 pm. Daily MSP is showing pronounced odds for a down AM tomorrow. A strong close today would not negate that. Modal decision-making today centers around the 8:30 to 9:00 am area. If market reverses there...lows would be called for into id-day early afternoon as the highest probability. IF we do not get early afternoon lows (around 12:30 PM timing) then 3:00 pm highs are probable. One note on this July 1 is an unusually seasonally strong day, from that perspective as well. An overnight session, in that case, could be quite weak given the probabilities indicate a decent downward biased risk skew into Thursday.

July 1st, 2015 Intraday Market Structure Projections

July 1st, 2015 Intraday Market Structure Projections

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