Overnite trade is contained within the Lowest distribution from Y'day. The overnite High traded upto the bottom of the 2 day balance above. Treat each distribution from y'day as a separate day. Do we Open in or out of balance relative to the Lower distribution. Your early references for this morning are the overnite High and Low. Odds are we see the market balancing today with some backing and filling to the Profile from y'day. An ideal Long would be a failure to trade below the overnite Low with conviction.
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