Yeah. Just sold off a good 10,75 points here and my late long entry would have been red by now. I'm nervous holding both longs and shorts at this point as I'm expecting a sell from this area, but have no idea if it's here or 60 points higher. So I'm happy just taking smaller targets.
Out at 3059.25 for a gain of 614.25 pts. I've rolled into Sep long at 3049.00. Reevaluation area will be 2480.00
The scales and relative price point (HOD/LOD) are clearly different, but if you compare the overnight action for the last two days up until their respective opening action until 10:30, the similarities are there. Note the relative price points aren't. However, as I'm typing this, I can see the correlation breaking down. So previous post is null and void.