The decent trade below 2125 projected this downward 90 tics (+). We have seen 299 tics of this so far. Decent trade above the 2022 line will warn of decent short covering. I warned in the Post Market Synopsis that today has a good likelihood of being a range expansion day—we have already exceeded Friday’s range by multiples on Globex. NOTE: this is just a small portion of the calls I provide my clients twice daily, please feel free to reach out if you are interested.
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