Yesterday, we posted the daily and weekly MSP, which indicated a down AM session yesterday from Friday's AM. This was met. Today's AM was indicated with UP probability. Further into the week, downside bias is probable into Friday AM. If downside materializes into Friday, as probabilities favor, it could become pronounced.
In the e-Tick-Tools Lounge yesterday afternoon, we were very clear that given the overnight market structure, probabilities favored a strong overnight and likely gap up with what, in likelihood, would likely result in AM high near the cash open - as most probability scenarios are supporting weakness from the 9 to 10 AM area possibly all the way into the close.
Keep in mind this is a Central Banker game time and they are sparing no tricks in their attempts to levitate markets. Market structure timing is forward till the 12th to 14th for a potential turn and any accompanying bounces or rallies into those highs are likely to be event driven or direct Central Bank interventions.