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Settle up on last night’s three bars, and the ledger is short.
22:00: 58,000; 23:00: 79,000; 00:00: 61,000—199,000 contracts across the three bars.
$MSFT From 537.70 to 518.99, down 18.71, or 3.48%.
The next 14 bars totaled 179,000 contracts, with the high reaching only 523.95.
That’s 4.29 short of the 528.24 pit.
The chart closed at 521.97; it’s now at 522.12, with the 524.00 moving average sitting two bucks overhead.
24-hour trading volume: $2.619 million; fee rate: 0.
The three bars fought for real; no one stepped in during the remaining 14 hours.
Before 22:30, 522.11 can only be considered a matching price.
Treating it as Microsoft’s closing price is just making up a story for yourself.
Wait for that bar.
(Not investment advice; gains and losses are your own responsibility.)