I have a few mixed signals this morning before the bell. Normally I like to look at my volume profiles and regressions to see in what way the market may be pulled during the morning session. However, more often then not the market like to settle itself down before the open at it's shorter term midpoint and wait for the day to start. Indeed this is the case today. You can see from this chart that we are sitting at a midpoint and waiting. Let me point out that it looks like we will open right smack down in the middle of our MP value area so let's expect the market to test value extremes for the first part of the day. Note we do have a double distribution yesterday so that may keep price bouncing back and forth.
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