SPX Hourly Recap
We got the pullback and entry hit for a few points gains - not as much as we are aiming for as the market wants to wash out all the stops.
Here are some key projections that developed in the first hour:
- Probability of initial dip allowing entry: 75%
- Average time to entry (if achieved): First 15 minutes
- Probability of getting stopped out: 25%
- Average time to stop-out (if it occurs): 20-25 minutes after entry
- Probability of bounce starting: 65%
- Average range: 30-40 points
- Probability of breaking opening low: 60%
- Average volume: 15-20% of daily volume
- Volatility: Typically 1.5x higher than rest of day
Which shows a firm grasp within the first hourly session.
