We moved dorsum to VWAP on selling inwards the wake of Fed chair Bernanke's comments regarding the dollar, exactly promptly moved dorsum to--and above--the prior marketplace highs, equally dollar forcefulness abated. Interestingly, those novel highs were non confirmed yesteryear the NASDAQ 100 as well as Russell 2000 indexes, as well as we've since moved dorsum into the morn range.
Notice the book histogram at the correct of the Market Delta nautical chart above; it summarizes the book of ES contracts transacted at each toll traded through the day. You tin run across that book has built betwixt 1108 as well as 1109, telling us that this is where the marketplace has reset value next the morn rally. If nosotros are going to either expire on the rally or opposite it, nosotros should run across a rejection of that value degree inwards NYSE TICK as well as book transacted at offering vs. bid. If nosotros produce non run across rigid or weak numbers inwards those indicators, that value expanse becomes a fresh fulcrum for a make trade.
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