Well, our definitions are different. And since "inside" bars, to me, are "not tells" unless accompanied with markedly increasing volume, I won't spend further time on this. Thanks for your input. FWIW... you may want to consider that EQUALS, either high and/or low, is a form of S/R. FWIW.
Well, our approach is probably different. I don't use charts for this type of analysis, but tabular data in spreadsheets. The key takeaway from my prior post unless it was not obvious is that since two inside days (and even just one) is so rare, we can use that information to gain an advantage and expectation about where the market is going on the day. And for today, that's lower. Should be a good sell here (71) worth at least 20 points.
I feel like a surprise move to 4310 could be on the cards, but i'm too pussy to trade it and don't wanna mess up a very good day. Mainly just based on how everyone seems bearish so a contra play on a Friday lol. But yeah, flat and staying flat for the day now
The RTH opening gap from 9/21/23 has the bulls salivating just as much as bears. Nothing matters until it matters.
It's a tricky spot to be short anyway, IMO, as we're in a zone which can trigger a ton of buy orders. If we start ripping above 4280 or so one might have to flip the script.