Intraday Projections: Trapping of the Bulls

Thursday is an abnormally weak momentum day for August for the close to close session. Additionally, we are approaching ideal Trap Door Shutting territory for the Bull Trap mentioned previously. It does not have to shut today, but probabilities are not particularly good for bulls. We published upside bias into the AM session in the lounge yesterday near the lows of the day session and risk to the downside thereafter, this probability scenario remains the highest odds. 

Modal Switch occurs at 8:45 AM timing - if this window becomes a low and reverses - then a 2:00 PM high would become a high probability.

August 6th, 2015 Intraday Market Structure Projections

August 6th, 2015 Intraday Market Structure Projections

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