Today is the day before a major US holiday so I expect it to be a little slow. Yesterday was perfectly balanced so I’m thinking today could be the same. If I don’t see signs of OTF activity I’ll be looking to fade moves away from value. Yesterday’s High, Globex high, & CLVN 86.50 on the upside and Yesterday’s Low, Globex low, & CLVN 71.75 on the downside. I want to avoid trading near the CHVN at 79.00 as trading could get “stuck” there on a low volatility day.
If I see a strong move I’ll look to get on a pullback to a level. I think we could have some activity this morning and then drop off afternoon so I don’t plan on trading the US afternoon session.
The composite profile chart (on the left) is based on 24h data so the levels could be off by a tick or two. I haven’t found that to be a problem and having it on my main trading chart keeps me from copying them by hand and/or missing levels especially when they shift.