Weekly [10/31] Study
A Shift in the Auction : FOMC
Straight to the Point, this is not a doom-signal, but it is at least a good Warning Shot.
Previous Release mentioned Support from the Poor Low. Price since then has Rallied into All Time Highs, falling just a few points shy from Sequence TP II. Price has been one-way heavy for some time now. I’m taking the lack of upside exploration into headlines as Caution Sign.
Continuing this idea, buyers will have an opportunity for Sharp Initiation into SetStack TP II : 6980. This entire sequence may be a form of Accumulation.
![Weekly [10/27] Study](https://substackcdn.com/image/fetch/$s_!ZtA1!,w_140,h_140,c_fill,f_webp,q_auto:good,fl_progressive:steep,g_auto/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F128ef2fe-f0d6-4606-ba0a-5d236140ec4c_2048x1117.png)
Auction at Hand
This Week has been Balancing above a Weekly Gap.