I should note that the probable open numbers are a new thing I am playing with. These are based on the US close for the tracked basket - the assumption being that the target for opening should be where the US left off. They have proven more-or-less correct'ish, which is why I am now including them, but there is a wide unpredictable (at the moment) margin of error. Best treated as indicative rather than an actual target. Over time I might be able to refine the precision a bit once I can work out the pattern and, in deed whether this basket has any relation to the opening position.
It is not uncommon for the opening position to actually be at the edges of the range, in which case the close is the wrong marker.
I am also tracking the shift from the nearest edge to the close - in this case -1.4%. What that is trying to capture is the amount by which the SP changes from where it was during the day to where it closed. A larger number would indicate a larger rejection of the price. Oh I just noted a mistake in the previous post, it should have read 1.4% from the high to the close (not low to the close). So a - indicates it came back down to close while a + number indicates it rose from the low to the close (on average)., So the range overnight was 4.2% of which 1.4% represented rejected price positions. I should probably make this a ratio going forward (hence -36% for today). That means that the highest price was rejected by 36% of the daily movement by the close.
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