There was an excellent sell response delta bar right as we traded 952's in the new contract......they don't get much more clear than that (perfect strong order flow transition).
Now ride the rest of those bad boys DOWN "Dr. Strangelove" style!!! http://www.youtube.com/watch?v=wcW_Ygs6hm0&feature=related
Yup...was looking at 952s of the new contract but was trading the old. had that resting supply at 952 slow down the upmove...volume dried up and tried one more push up and then died. Hammer Time!
Yes that second push up had a very clear intraday delta divergence in place......very good set-up imo. Here was the entire days Price & CD chart........... http://www.charthub.com/images/2009/06/12/ESCD_Sep_4.png
AMT, do you use dtn's @es# continuous contract to you get all the historical CD info? or when do u switch to solely looking at the esu9 chart (since delta can only go back to the beg. of when the contract traded).
I have a variety of charts up.....individual contract charts and a few of the @ES# just for intraday only use.
Here is a "micro" scale look at that set-up/opportunity from yesterday.......... http://www.charthub.com/images/2009/06/12/ESCD_Sep_5.png 2 good shots for entry at that HOD run.
If we test the lows and do not get a long inventory build up...we can crash right? i want sub 400s :eek:
I can see that you pulled your 2 tic range Fibo-secret entry chart this time around. Very sneaky, but I got your numbers. 1123581321 Resistance is futile. JW