Monday, April 20, 2009
When Market Indicators Are In Sync
Here is a snapshot of my Market Delta screen as of a few minutes ago. Once large volume started hitting bids as we came to the bottom of the opening range in ES (850 and below) and then continued hitting bids as we came down, it became clear that lower prices were attracting the participation of large traders (see red vs. green in the bottom histogram). This set up a profitable trade down to S3, per the intraday Twitter posts. I've found that the best trending moves have come when NYSE TICK and cumulative Market Delta are in sync.
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