I was not able to make the open today due to a meeting but I am just checking in with the markets now. From the YM market profile chart I see that so far today has been a typical 80% rule regression. We opened,tested higher ,got back to value and then tested to the other side of yesterdays value area. This is a typical regression. So what does it mean going forward today. Well it tells me that the market is in a mean reverting mood today. So I will use my value areas and midpoints as entries and exits.
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