The Red line

[Bart]

At the bottom of the home page of tsptalk are four charts for the C, S, I, & F
On those charts is a red dotted line. What does that represent?
Thanks

[SkyPilot]

This line represents the starting price for the day, and is a reference throughout the trading session for gains or losses relative to the opening.

[Bart]

That's what I thought also, but more often than not the start of the day is much different that the red line. Can you clearify that for me?

[SkyPilot]

That's what I thought also, but more often than not the start of the day is much different that the red line. Can you clearify that for me?

Actually it would be better to state that this would be the previous closing price, as often the market will open higher or lower than the previous close due to overnight after hours trading.

Sorry for the confusion. That's the best info I have, but others may have a more detailed and accurate answer.

:)

[Bart]

Thanks for the clearification. I appreciate you coming back a second time to educate me.
Have a good day.