How important are the previous day deviation levels.. Once the new ones have been released?

#1

Was taking a Swing Trade when the market seemed to keep bouncing off of Tuesday’s(?) settlement price.

Is this something that I need to watch out for as well? Or was it just a coincidence??

I had entered the trade at 8:52 pm. So the new levels had already been plotted.

I know the goal is 10 ticks and the market had moved way more than that… However, the spread I bought went from ITS/ITM to ITS (even though it was one of the new long term Daily ones.) (that is a question for another post)

Thank you :space_invader:

#2

usually we are not watching for the previous days deviation levels. But just a few hours after settlement like this here, the settlement level may still have an impact on the market for hesitation or reversals so nothing wrong with keeping it in mind and within view if its just a few hours after settlement like that