No, they are not the same. The tool did not inject subjectivity, YOU DID. There is no subjectivity to executed volume. Isolating or merging profiles is fine if you have a purpose. And profiles within won't be lost. As a matter of fact, it's an important aspect to know when/where the price framing changes. Your swing high/low profile is your own invention.
Well of course. That much is obvious, isn't it? That's the entire point, though. Using a continuous chart - where do I draw the profile? Should I include today? With my prior week in RTH that's not an issue. Same chart. Different view.
Plan to short again either today or tomorrow before the presser. VIX is not low enough to be attractive yet.
I don't have an edge for tomorrow. I was bullish for January. I'm still bullish for 1st quarter (meaning I don't think we are going to crash) but I'm less bullish for February. Planning to take some chips off the table today and let things shake out.