Mid-Week Report

Back in the Zone!

Good evening,

What a week of back and forth price action! We had great range on both-ends, meeting both our upside overhead and sustaining downside support. While we held above 6722-6732-6738-6744 area, we could have had higher odds of core ranges (6820’s), had we not reduced range beneath 6758-6766 areas. This doesn’t necessarily mean those odds are no longer in play as we can always offset reduction ranges on the inverse (upside).

Although we had breaks back to 6748-6752, we still sustained and overall market remained bullish. Structure is still valid and can keep those October 16th-24th odds in play.