It looks like we are opening in range and in value from yesterday! Within the last couple of minutes before the bell price dropped to the level of value area low from yesterday putting OPEN outside of value.
It could be another volatile day due to the release of Midterm results.
The IB is very small with 30 points arguing for an upset, so far we had one small range extension to the downside in C period. The POC is at 3807. Price is circling back through OPEN multiple times already.
As of 9:44 the POC is lower at 3803.75 now
10:38 The POC has dropped to 3799.50, we are extending downward.
Trades of the day (it did not go too well):
https://vimeo.com/showcase/9967633
The TPO shows well that we were trading close to the OPEN until mid-morning, after which price left the POC area and extended lower.
The 3800 level had no more buyers on the footprint chart at 10:02 am after which price kept dropping today. This would have been a tricky trade location for a short since it was right on the POC.
I highlighted the corresponding candle on the candle chart with a vertical line.
Martin's Travel Blog 