Hi Wave, So if we are in an expansion right now, what's the es price target on it before we pullback?
Alright, explain it to me. If an entity sold X million futures at 1185 first we don't know if it was a hedge for something else or if it was closing of a long position. Second it also means another entity BOUGHT X million futures, so somebody is sitting on good profits, assuming that was the opening of a long position. Either way, just to know that there was a huge position traded at a certain price doesn't tell us anything else.... It has zero predictive value for future price action...