Another 1/2 level filled at the 903.75 level (just missed 904.24 fill attempt). 898.50 will be the first profit targets level.
Yes the 876.75 to 880's zone is fresh new multiday back inventory, so this is the KEY support zone below current price now.
AMT, Many thanks for your analysis. I marked the net longs area on a multi-day chart here. While the net long zone from the 877's makes sense, what really confuses me is how we made new highs 2 weeks ago on lower CDV readings consistently for a week (904.75, 912.50, 929.50) . (Implying that net shorts were not neutralized, but we went a lot higher anyways) Any thoughts on that one? I marked the confusing zone on the chart. All the best, Stone
That is a byproduct of price trading back up to levels from which a previous contract was the current month contract (as we traded down through the lower 900's to our 665.75 low of year run). This deals with the more complex multi-contract tracking, and the fact the market made very dramatic price range moves in a few month period of time. BTW, I was a seller in most of those rallies into previous zones (from previous contracts) and the divergence was as aspect I took into account.
Looks like another trend day so far. No?. Maybe the whole world wants to invest in USA after that nuke went off over the weekend in Asia?. Who knows really. Interesting times. JW
I know you are a great trader because your posts repeatedly say so. But what on earth is this latest post of yours all about. At first glance it did not make sense and so I re read it, which only confirmed my first impression. But as I say, you are a great trader so keep up the terrific work. sosueme
AMT... Would the best place to start with Auction Market Theory would be the CISCO website? www.cisco-futures.com/amt_theory.html or what would you suggest... as far as a website... thanks...
Filled one more 1/2 level at 904.75 and will cover all 903.25 positions at 903.00 Target at 899.00 remains as first primary target.
Hypothetical trading: 11:58AM (ET, realtime) May 26: QQQQs (NDX, NQ). Qs are at 34.70. End playing long side, start scaling in on short side.