Overnight levels and day review 12/26

Hello traders,

Another slow trading day where bears wanted to have a huge drop for no particular reason and longs kept paying well. The end of day retracement was a couple ticks MAE from our bull#2 level. I fell asleep at about 1:30pm so couldn’t catch the downmove.

This is how our RTH levels worked on ES

Our daily telegram commentary was helpful

The spx 4775c went from 2.2 to 10.5

As mentioned early this am, natural human traders try to read the market replete with their own biases and do not want to see what information the market is providing them at this very instant. This is extremely dangerous as evident in the stat above.

Moving on,

Overnight levels for tonight