Alright, I'm going bungy-jumping down to 825. *edit* This morning's measured move would indicate 820. There is indeed a fine-looking support at 820.75.
cover at 35, also half of short pos over weekend, mp making b pattern suggesting continued selling tommorrow
market profile ,u use letters to represent half hour periods, and it makes about 4 shapes on a daily patern,i call it a boob, could be a mans boob, still looks like a boob, the widest spot, the nip is the value area,when it looks like a b ,then there is 80% chance of continued selling,when it is shaped like a p then likely buying the next day,when its the shape of 2 boobs, it often returns to the gap area in the middle ,or the cleavage, last wed nip was 35-36,that was my selloff target ,if there is a ledge,like todays at 40,you have an unatural ,flat spot in your graph,with a natural curve above, and it usually is filled in underneath by the end of the day,it almost always,above 90% of the time ,ends in a natural shape