Midnight open · NQ · 2016–2026
Most of the time price comes back to the midnight open when Asia was wild.
64%
On a wild Asia night, a big overnight range, NQ comes back to the midnight open 64% of the time. On a quiet night it's only 25%. I took every day price pushed 75+ points off the level since 2016, and the size of the Asia range is what splits them. The return mostly lands around the NY open.
Price returns to the midnight open — by overnight Asia range
Only days where price already pushed 75+ pts off the level · 1,835 days
Quiet Asia
Back 25%
price trends away from the level
Wild Asia
Back 64%
price gets pulled back to it
The return
NY open
~half land 8–11 ET, ~2h40 after the push
How to use it
I check the Asia range before the open. Quiet night, I don't expect the midnight open to come back, so I don't fade toward it. Wild night, it usually gets retested around 9:30, so I keep it as a level on the chart. It's a read on the day, not an entry.
Not advice · AI-backtested over 2016–2026 · check it yourself