[jackb]

Was yesterday's S&P 500 intraday session one of the tightest ever on a day that happened to also be well above its ATR? In looking at the ES, I don't see a pullback greater than 3 points. I can't remember ever seeing such a day in the ES. Of course, I'm old and I can barely remember my address. Does anybody have the historical data and data mining chops to confirm where this day ranks (maybe a job for Bespoke)? With the given parameters, I'd be surprised if this day isn't in the Top 5...which in turn makes it a Bottom 5 for counter-trend traders.

[FulcrumTrader]

No....these type of days happen several times a year imo. We had a new quarter and a pre-holiday Friday all mixed into one. US Dollar was down and Equities had the BUY program pumps on all day!

Take a look at how biased the Equities action was Friday (take a look at all the BUY programs too with many plots at +600 and above)!

Images | ChartHub.com


Not a single Equities SELL program all day......I see this pattern about 3 to 4 times a year.

[horace]

Originally Posted by FulcrumTrader »

No....these type of days happen several times a year imo. We had a new quarter and a pre-holiday Friday all mixed into one. US Dollar was down and Equities had the BUY program pumps on all day!

Take a look at how biased the Equities action was Friday (take a look at all the BUY programs too with many plots at +600 and above)!

Images | ChartHub.com


Not a single Equities SELL program all day......I see this pattern about 3 to 4 times a year.

FT

How can you see the BUY/SELL programs in action.

thanks

[jackb]

Originally Posted by FulcrumTrader »

No....these type of days happen several times a year imo. We had a new quarter and a pre-holiday Friday all mixed into one. US Dollar was down and Equities had the BUY program pumps on all day!

Take a look at how biased the Equities action was Friday (take a look at all the BUY programs too with many plots at +600 and above)!

Images | ChartHub.com


Not a single Equities SELL program all day......I see this pattern about 3 to 4 times a year.

Interesting. Can you find the last one and provide a date? Again, no pullback greater than 3pts on a range expansion day.

[FulcrumTrader]

Originally Posted by horace »

FT

How can you see the BUY/SELL programs in action.

thanks

Just watch a NYSE TICK market breadth chart (30 second or 1 minute chart) live and you will see the cycling of Equities BUY and SELL program activity when it hits. I have used this market breadth information in my trading for over 8 years now.....it is a very good idea to track the Equities action intraday if your trading equity index futures instruments (ES, YM, TF).

[FulcrumTrader]

Originally Posted by jackb »

Interesting. Can you find the last one and provide a date? Again, no pullback greater than 3pts on a range expansion day.

Here is a day that was very similar from late March.....once Equities turned on their BUY program pumps it was an ES SHORT covering party all day (reacting to the strong Equities action).

Images | ChartHub.com

NYSE TICK that day

Images | ChartHub.com

[jackb]

Originally Posted by FulcrumTrader »

Here is a day that was very similar from late March.....once Equities turned on their BUY program pumps it was an ES SHORT covering party all day (reacting to the strong Equities action).

Images | ChartHub.com

NYSE TICK that day

Images | ChartHub.com

Thanks for the leg work and posting the charts. Much appreciated.

[TheNegotiator]

Hi Fulcrum,

I'm sure many people are interested as am I in what exactly you are seeing in the TICK that suggests a buy or sell program is active. As far as I understand it, you are saying high or low extremes are indicating large baskets of stocks are being simultaneously bought or sold. This could indicate a program executing or combined with other factors, it could indicate extreme exhaustion as participants finally capitulate. So if the readings are looked at in isolation, couldn't they mean two very different things? What do you look for in reliably identifying this very specific type of participation? To me, the 'quality' of auction tends to be a good way of working out whether these programs are active. You can see a uniform 'flow' of trade in short term cumulative delta. An exhaustion print on the TICK, I often see the delta 'hang' for a short period of time and if no further participation in the same direction comes in, a reversal can follow.