Wednesday, March 20, 2013
As of the posting of this, we are currently hanging on to the Value Area Low. If this is sustained through the night, we should open with a test of the Point of Control, and action there will determine the course for the morning. The additional VAH, POC, & VAL are drawn on today's' action were the values from yesterday. I have found that having the values from the prior day can give significant tells when price happens interacts there, and in cases where it doesn't it is also beneficial for knowing that the auction has rejected those levels.