All targets at 928.50 filled........cleared out all last 946.25 entries and portions of 947.50 and 948.50 entries. Now holding 5/6'th of 948.50 entries and 2/3'rds of 947.50 entries......holding heavy looking for this 949.00 touch to be our intermediate term top (as a result of the massive negative delta divergence signal last two days). ES busting through 927's here could bring in filling some of the gap up from Sunday/Monday AH session. I do expect bulls to make some attempt to defend this 927/928 area....let's see how they do. :eek:
Unless we get initiative buying interest at this point (10:30 EST) or soon, the next stop is 903 area?
AMT... I find it " very upsetting" that the NQ (Naz Futures) don't give decent CDV readings... i am going to look at how they report their data... They are an excellant contract to trade. Maybe using the QQQQ for CDV to give a better CDV for the NAZ would be away to go... their the most liquid market out there and they follow the futures in lock step... anyway its an idea... and they do millions of trades.. it is bugging me... Why do the NQ's not give decent/accurate CDV readings... Inquiring minds want to know.. HAVE STOP <img src="http://www.enflow.com/p.gif"> WILL TRADE
I knew it looked odd when I took a look in the past, and I had some from the group I use to trade with tell me it was not ever working for them. I just never took the time to study the reasons for improper CD plotting of the NQ (since I never trade it). Dr. Bill Linn at linnsoft.com would probably know the answer.....it is very odd I agree.