Traders Laboratory - View Single Post - YM Analysis for Oct. 16th, 2006
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Old 10-16-2006, 10:12 PM
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Re: YM Analysis for Oct. 16th, 2006

Looks like today was a 3-I day in the YM and ES. A 3-I day is characterized by an initiative tail, initiative TPO count, and initiative range extension. According to Mind over Markets, there is a 94% probability that the YM and ES will trade above today's value area. See chart below.
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File Type: jpg 3-I.jpg (29.1 KB, 12 views)

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