[Soultrader]

This is a chart posted inside my emini trading journal as well. Thought I would put it here since I found it relevant.

In this example, price fell below value just to be pushed back into it. This indicates a single print tail in the overnight session. The markets are telling us that it wants to trade within or above value. Notice that shorting the break of the value low pivot is now a risky trade. Support exists at the globex low and at Fridays low.

A break of Thursday's range must occur to see any significant move to the downside.

Based on this analysis, I will be looking to to buy at the value low pivot and at the globex low when the market opens. Also, I will be extra careful of shorts.