The GS profits were a chip of purchase the rumor, sell the news, every bit nosotros cruel dorsum into the overnight make going into today's opened upwards (top chart), moving below VWAP. On a longer term footing (bottom chart), you lot tin meet that nosotros are consolidating higher upwards the prior trading range; that suggests credence of the novel value level. Note the book bulge at 897/898 inwards ES on the Market Delta chart (side histogram); that too corresponds some to VWAP. I'll live on watching how nosotros merchandise relative to that grade to guess early on marketplace directional/range trade.
Yesterday nosotros had the strongest solar daytime inwards the final xx trading sessions; it was too the highest volatility solar daytime inwards SPY over the by xx days. Since 2000, when that's happened, we've been upwards the adjacent solar daytime xvi times, downwards nine times. Not a pregnant bullish edge, exactly sure non a bearish one. I'll live on next upwards amongst intraday Twitter posts (follow here) too volition update the charts during the day.
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