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I found that the most powerful OR´s are the first 5 minutes (first reaction), the first 15 minutes (time span for executing the overnight orders) and the last 5 minutes of the first hour.
So based on the current NY Opening Hour trend, which was down
We should expect the following
2) 10:00AM - 10:45AM Morning Move
Expect a counter-trend move to the NY Opening Hour Move in the first 45 to 60 minutes
UP
(3) 12:45PM - 2:00PM Post-Lunch Move
Expect a resumption of the NY Opening Hour Move trend (or upward or downward bias)
DOWN
(4) 2:00PM - 3:00PM Afternoon Move
Depends on the Post-Lunch Move
Btw, the Morning move is on the way as we speak -- I’m just slow in typing and finding free PC with Internet at work
I draw the first 15 minutes manually and for the first 5 minutes and the last 5 minutes of the first hour, I use an indicator called DDF (Daily Directional Forecast). If you are interested at it, let me know.
12:45PM - 2:00PM Post-Lunch Move
What a beautiful move down
– who knows maybe this is the beginning of the one that all the bears are waiting for
What do you think Fadi?
1) 9:35AM - 10:15AM NY Opening Hour Move (DOWN 6pts)
Market develops its trend or bias for the day
This move is important as a reference to what is going to happen later in a day
(2) 10:00AM - 10:45AM Morning Move (UP over 8pts) Expect a counter-trend move to the NY Opening Hour Move in the first 45 to 60 minutes
(3) 10:45AM - 11:45AM Delayed Morning Move (DOWN nearly 6pts) Expect a resumption of the NY Opening Hour Move
(4) 12:45PM - 2:00PM Post-Lunch Move (DOWN 6pts) Expect a resumption of the NY Opening Hour Move trend (or upward or downward bias)
(5) 2:00PM - 3:00PM Afternoon Move (UP 4pts) Expect a counter-trend move of the NY Opening Hour Move trend if the market is testing the high or low of the day.
(6) 3:00PM - 3:30PM Delayed Afternoon Move (DOWN nearly 3pts)
– the 2:00pm move will help dictate what may happen at 3:00pm, Expect a resumption of the NY Opening Hour Move trend if a counter-trend move occurs before 3:00pm
Based on the scheduled news i.e. ISM Non-Manufacturing PMI we should expect a counter trend move to the NY Opening Hour Move around 10:00am
-- Let's wait and see...