As the move progressed, it became obvious that yesterday's range lows was the destination. And patience paid off, as the machines utterly pounced exactly at that level for a trade of the day higher.
Two way auction process at it's best. Volatility was way up today with a 35 point intra-day range.
After another spirited bout of responsive buying at non-breached range lows, this market looks good to go higher tomorrow. Obviously we note this fact after the overnight already being up somewhat, but we got long the close for an overnight entry. So our analysis is not pure hindsight.
Our overnight biases have been pretty darn excellent for a while, especially the last few weeks. So it's time to experiment with that edge. I don't do well typically in the overnight due to being west coast and not wishing to stay up until 1:00 and get up at 3:00 in order to mange positions (and stress out) throughout the night. But if my edge has improved to the point of being able to just let the trades run, without being stop-bait, then so be it. We will find out.
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