Blount’s Numbahs Thursday: The Spill is UP

William Blount

Thu, Mar 3, 2016, 10:00 AM

Good Morning – Today is SERIES S2L and the SPILL is UP..Yesterday the commentary issued a ‘heads up’ as follows:

“HONING:We should see more two way trade today but also be on your toes for a
variation of ‘A’ OR ‘V’ the looks more like a “U” or lowercase “n” with the topping or bottoming phase in the SLOG zone from 11:40 to 1:20 (this is not clock related cycle work, this is the often seen chop zone associate with lunch staff rotations.USE 1963 SPOT AND 1983 SPOT AND WORK IN “

Bottom line: The market did NOT do the “U” or ‘n’ .We did a ‘chop tilt up’…We had a LEAN FLIP and the market TRACKED the flip to S1H with the favored last hour odds 68% UP. The BULLS defended the 1967 SPOT. We played SPOT PING PONG 1967 & 1978 with much of the day treating 1974.75/1975 as a ‘flypaper’ fulcrum..There were tells early in the day of ‘slight edge to the bulls’ issued in a conversation with “THE IRISH” and that the Bears needed help from the BEIGE BOOK or a 32% outcome in the last hour.. The day ended up producing owe of the most narrow ranges of the year.