Info!! Using Relative Book To Set When Markets Deadening Down

the merchandise was a hard one. The higher upwards nautical chart draws upon the relative book concept to show, half-hour yesteryear half-hour, how participation inwards the marketplace compared to 2009 norms. What nosotros run into is that, from xi AM CT forward, the book inwards the ES marketplace (blue bars) vicious good below their median values for that fourth dimension menstruum inwards 2009 (red bars). Recall that book is closely correlated alongside volatility: that shift tells us that, unless relative book picks up, the marketplace is going to deed much less every minute the 24-hour interval unfolds. This is a rattling helpful alarm that tin forcefulness out assistance traders avoid overtrading a narrow, slow, choppy market.

Interestingly, the menstruum of waning book besides corresponded to the drying upwards of selling pressure level that I posted. Notice how correlating what is happening inwards book alongside what is happening inwards NYSE TICK tin forcefulness out grade us about clues every minute to *who* is gaining as well as losing participation: buyers, sellers, or both. This was useful data every minute the 24-hour interval unfolded, every minute nosotros were unable to sustain afternoon lows.
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