On a macro basis: The decent trade below 2940-48 (+1 tic per/hour) warned of pressure. We have seen 518 tics of this so far. The maintained gap lower on 3/4/21 left a minor bearish reversal above. We have seen 353 tics of pressure so far. The failure back below 2681-84 brought in 259 tics of the pressure warned about below.
On a shorter-term basis: We held exhaustion below with a 2459 low and rallied 229 tics into a bullish correction/trend. The decent trade above 2574 (-.5 of a tic per/hour) warned of strength. We saw 114 tics of this. These are ON HOLD. We held exhaustion above at 2687-95 with a 2688 high and rolling over 113 tics. The decent trade back below 2651-49 brought in 74 tics of pressure.
NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Natural Gas and Energy/Gold complex. 'Decent penetrations' are specific amounts provided to clients daily as well. If you are interested, please feel free to reach out.
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