In after hours tonite, we bounced off 3106. I just want to ask everyone....why that level ? What was so special about that level ? Fib retracement level ? Previous high or low ? 50 period moving average ? Why not 3108, 3110 ? Point is: isn't it stupid to try to predict the exact price of these trend reversals ? I mean to me, you just have to go with the price action....and go with the flow...as I do see the volume behind the move up.
In my mind, TA levels do not apply in overnight sessions, since most TA was developed on US RTH. There is an inherent bias built into most indicators.