opportunistically, at EOD based on the data and the chart one can review and derive scenarios for the next day.
You are correct, painting causes the final candle configuration..... and or BUT, that paint can be very deceiving...due to the fact that only mm's have the one-sided ability to shape and mould the outcome of the next day candle.(for example yesterday-an out of the sequence huge red candle coming out of several days of decent BUY volume consolidation at 007-0075)
The pattern as of yesterday AM, should have ended the day as another DOJI or a sligtly UP day. There was room for the pps to move upwards to 010- 015 area before a pullback to get back to reasonable techs, for the conference.
I did manage to locate another example with similar technicals....See the 2 charts below and review the positions of the RSI, WMS and the full stocs. In the example look at each of the techs in minute detail for week of March 19th and compare to ETIM from week of April 1. Examine the RSI postion above 70-90, the WMS position between 0-20, ful stocs between 80-100.
For reasons known only to the mm's, they decide to dive the pps to level of uncertainty between dma10 and dma200, lower SAR, and weekly ma10---- coincidently these three are ballpark in the same 0043 area)
It was a study in comparison.. now one in contrast. A part of my education.
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