Overnite we have traded thru all 3 distributions from Friday. Overnite Session is 100% Short - More often than not there is an adjustment to overnite inventory at the Open. If we trade below the O/N low - price should find support at 1341-43 level - trading below that level marks a change and may bring in additional sellers. We have a Poor High from Friday that may get repaired before the day is over. If we opened now - we would open in Balance relative to the second (middle) distribution. Your best references for the early trade is Friday's High and the 1341-43 level.
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