9:30 AM CT - I've added the top nautical chart to exhibit how we've traded lower through the morning, alongside book at the bid far exceeding that at the offering (bottom histogram bars). Note how we've built book steadily lower through the morning, staying below the book bulge referenced below. Relative book has been inwards a higher house average, giving us a prissy merchandise to the downside targets from the morn tweet. I'll ship service to a greater extent than on this theme shortly.
We've broken out of yesterday's narrow trading range; banker's complaint besides how nosotros rejected the book bulge of 1089-1091 inwards the ES futures (above) on weak economical information this morning. Whenever nosotros encounter a suspension out of a range, nosotros desire to hold upwards on warning for the possibility for a tendency day. If we're going to encounter such a tendency to the downside, we'd desire to encounter buying efforts neglect to convey us dorsum inside that prior book bulge. That would exhibit us that nosotros are accepting value at progressively lower levels until longer fourth dimension frame buyers feel a attain out together with house us dorsum inwards equilibrium.
I'll hold upwards updating this briefing afterwards this morning; remain tuned.
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