[torero]

I agree, I find agricultures overnight S/R play a big part in the opening hour in direction and reversals. I tend to fade the direction if opening is inside the overnight high/low.

ER2 overnight sentiment and action tend to be ignored. There was a floor trader who mentioned that if the same market that is traded heavily outside the US markets, then overnight S/R tend to be respected. This goes for Ags, forex, crude oil (Amsterdam, London, London, respectively). It makes sense as ER2 is US-centric instrument and not many trade outside the US. I'm not sure about ES, Gold, among others as I don't trade them.