Low of Day Set II
As we push out of the low of the day, I want to clarify that the actual low in cash futures occurred around 6002 at approximately 2:16 PM EST. However, that alone did not establish the low.
What truly set it was the follow-through move with varacity that led to faster price discovery at 2:33 PM EST.
It was this continuation that provided the confidence interval to confirm that the low of the day had been set.
