Relative book is a powerful approximate for showing us who is inwards the market at a item fourth dimension frame.
What that tells us is that to a greater extent than institutional traders participated during that one-half hr than is unremarkably the case; that 9:30 book of nearly 175,000 contracts was good to a higher house average. This is important, because it suggests that the bounce off the early on lows has been gaining involvement from large participants. As long every bit that is the case, nosotros tin facial expression follow through to the upside.
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