I don't look very far back for the previous
value areas but i do pay attention to the
POC for the last 1-2 weeks on a daily basis to see if there is any particular trend going on. Eg: If I see that for 3 days in a row the
VAL and
VAH have been moving steadily down especially if gapping down below previous days
VAL, then i'd assume that the down trend would continue etc...
Btw: how are you finding the liquidity on the SPI 200? Last time I checked it was still doing pretty crappy in contracts traded per day around the 3-5k contracts mark.