The overnight 50 fib seems to be a magnet for price action to get to in the early part of the RTH. Will start chronicling this here. It should provide a nice edge for trading $SPY options off the open.
Tuesday Nov 29 — overnight 50 tagged during the 10.25am 5 min candle:
Monday Nov 28 — overnight 50 tagged immediately off opening 5 min candle. This left a large FVG below, which i ignored to my detriment and got smoked going long on the retracement:
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