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ES Wednesday 7-8-15


Interesting day yesterday. They rejected those lows quite soundly. I guess I have been away for too long and just did not see that coming. Need to sharpen up a bit again before I can do any real trading.

The O/N has been almost 100% short, so there is a good chance that those shorts cover at the open especially if they do not get paid right away.

52.5 is the O/N VPOC which I don't necessarily follow religiously but I do find high volume nodes of interest. There is also a ledge at 49. If we get down there at the open, I would think that would be a buying opportunity but we shall see.

YD's range was very wide and we are currently trading right at its mid-pt. If we open right there, I would not know what to do but I would look for opportunities to buy i think

we shall see
NewKid-

Here is an example from this morning of what I'm talking about-
Green arrow pointing to correlation going negative(red box) while ES is moving up-yellow arrow(white bar). Es then turns down-white arrow(black bars)..


Click image for original size
example
thanks beyondMP. are the green and red boxes cumulative delta?
Originally posted by NewKid

thanks beyondMP. are the green and red boxes cumulative delta?


No, it's a combination of unrelated but correlated markets I came up with.
I used CD,in the past but found correlated markets gave me a much better edge.