Some Thoughts on Todays’ MSP Timing

Not much to add to the earlier post but this chart adds some color for today. Daily bias from today's AM session which is just occurring and was DOWN projected from yesterday is now for some upward potential into tomorrow's [Wednedsay's] AM session. Wednesday is also Fed Statement Day. Hints as to whether this may be occurring can come from the 6:00 am and 9:00 am behavior. If market is making lows into 9:00 am bias will likely be for some strength into the afternoon. IF however, a failed hourly high attempt occurs around 9:00 am market probabilities would favor weak bias into the afternoon.

June 16th, 2015 Intraday Market Structure Projections

June 16th, 2015 Intraday Market Structure Projections

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