we have four more hrs to figure this out..right in the middle of the day. The DOW is seriously down, can't ignore that in your analysis. ODDS are more seriously down. so, bias, down. that doesn't mean it won;t go up. they are selling off taking profit, but don't want this to get out of hand either. they are playing us
Measured moves were calculated based on its previous higher high or lower low points during intraday movements. Some traders use such measurements to determine exit points. Whether such methods work or not is something you need to figure out yourself.