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I already posted this elswhere, but I think it also belongs in this thread.
Data input is limited, from july 2013 on.
See below distribution of ON ranges, RTH ranges, and their relationship. Numbers are whole points.
On the charts the y-as shows #occurences, x-as shows range-bracket. So for ON range 10-15 points occured about 78 times etc.
One of my worst enemies are my own false assumptions
Price gapped down on the open and then looked to fill the gap. We pulled back after hitting the Previous Week close, we are still looking to close gap on the day. YClose is 4093.25.
Big rejection. We have now closed below the AWN Low, if we can get some follow through down here we could see some more downside. We have also closed below the ADN low for today.
CP has held the market beneath it and each break above has been lower and lower.
Overall September is a TR. Low 4050's are buys and 4100's are sells. I am not surprised that the MM from the Feb TR ended in the TR in September. Although the current TR is tight for September I would be surprised to see some sell off, test areas lower and find more dip buyers for another rally. That could be weeks or months away. Remember the Feb TR took until Apr/May to break out.
