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What about for markets that do not trade 24hours. Should I place the same level of importance?
If the overnight market do not trade above or below the previous days range, what does this indicate? |
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1. If you trade stocks, premarket action is very important. Watch the overnight low and high carefully. They can act as key support and resistance.
2. If the overnight action remains within range there is not much change in market sentiment. This means that the market is in balance.