
Debriefing Thursday 16th June and Today’s Journal OPEX FRIDAY/WITCHING
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- EU Commission recommends Ukraine be granted candidacy status.
- ECB’s Knot: If inflation worsens, several 50 bps hikes are possible.
- France’s Finance Min. Le Maire: We hope to unblock tax issue today.
- BoJ: It is critical to pay close attention to developments in the financial and forex markets, as well as their impact onOvernight Session More Japanese economic activity and prices.
Today’s Data

Yesterday’s Market Profile and Price Action Debrief

Debriefing Thursday 16th June 2022: BOE HIKES 25BPS, BOND V REVERSAL
Yesterday ONOvernight Session More buyers attempted to penetrate the Wednesday spike but failed, creating a high at 3833.25. Asia session Sellers then drove the auction lower, ignoring all the previous day’s references into the EU session, which saw an acceleration post BOE rate hike. The handover to the RTHRegular trading hours. The official opening and closing time... More session left the auction with a gap More to the prior open and 1 POINT BELOW Tuesday Year Lows 3708.5.
ONOvernight Session More Inventory short into the open 3707.5 a failure to see a response to the year lows could see a further drop in price to advertise for buyers.

Indeed the response was the week, sellers absorbing buyers into 3711.75 before a sharp impulse let everyone know of the auction’s intentions. The auction post impulse would chop lower until it found a base at 3642. Auction found a bid into the settlement 3673.5
See yesterday’s Tweet. For a full footprint breakdown.
Buyers will be looking to end OTFDOne time frame down. More above 3711 and establish acceptance inside the prior three-day balance. Sellers will be looking to break below yesterday’s lows but may find buyers at the previous close 3773/ yVPOCYesterday's POC or Point-of-control is the price where the m... More area and the JDAPBH.
NeutralDay, Liquidation Continuation, OTFDOne time frame down. More daily, weekly and monthly
H: 3711.75 L: 3642 VPOCThe POC or Point-of-control is the price where the most amou... More 3670 VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More 3673.75 SETTLE: 3773..52
MONITORING 3711 (yHIPrevious days highest print. More), 3723(GAP More), 3740 and 3670 (yVPOCYesterday's POC or Point-of-control is the price where the m... More)
TRADING PLAN
OnOvernight Session More Inventory is extended, I will be observing to see if there is an adjustment down to 3693 yesterday close before a potential continuation of the ONOvernight Session More trend. This is my second case scenario and the most obvious.
I favour a scenario where we see a reversal of the ONOvernight Session More move and a continued liquidation lower. This is just from experience with OPEXOptions typically have monthly expirations, but CME has rece... More events, and I will leave it at that.
I will be looking to see buyers attempt and fail to auction higher onOvernight Session More the open and will be monitoring the ONOvernight Session More high 3713 and gap More 3723. Footprint and PAPrice action More will be my guide. OpexOptions typically have monthly expirations, but CME has rece... More events can be really tricky but the moves can be monstrous. Given the moves yesterday there may be a possibility that not much happens. All very vague so I will mainly be monitoring the auction at key levels and looking for a change.
BTW NOT TRADING until at least next week so I only did this write-up for you guys so please retweet share and spread the word. Much love BT.
Opening bell
0830 CT https://screenrec.com/share/IqEP38hOGC
Looks like we will be in for a period of chop given the open so far. Open quite balanced following the large drop into the close ( surprising) but then the push back onOvernight Session More the open failed to material breach yesterday’s highs
I always think chop if we see a big upswing then reversal
It maybe chops in a singular direction but chops until one side gives up
OpexOptions typically have monthly expirations, but CME has rece... More flows seem to be in full flow.
BOE talking in 2 min
Here is Tier 1 alpha trying to explain what goes on. big shout to you guys.
NONE OF THIS CONSTITUTES FINANCIAL ADVICE AND ITS JUST MY PERSONAL JOURNAL THAT I SHARE! All Opinions are my own as should yours.
Quote Of the Day
Have a great weekend
Trade Well And Prosper.
BT