Thank you for mentioning this, Trev, I had not checked overnight highs and lows on IWM.Originally Posted by manucastle
Crossing our fingers, this might have been a good confirmation that the yearly pivot is considered by large futures traders to be the end level of this week's powerful bounce where they are launching their profit-taking/distribution programs. The open reversal is further confirming the same, but we had identical weakness until 11:00 am on everyday of this week, before a strong recovery for the remainder of the day. Let's watch if today is different.
Billy
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