Definition
The highest and lowest prices from the prior trading session, which many traders mark on today's chart.
The story
If yesterday's NQ (E-mini Nasdaq-100 futures) high was 25,400 (an example number), plenty of traders will be watching what happens if price gets back there today. Because so many people mark the same levels, they're commonly watched as possible support and resistance.
Why you'll see it
They're common reference levels for day traders.
Connects to
We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms