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Nice!!! It looks like the inventory that was created last time we traded here has not been neutralized....yet. If its layered inventory, does it need to neutralize all the layered inventory before a bust?

I am having some trouble with my charts. Can someone please post a 24 hour chart of the ES for the past few days...thanks.

Are you making another millionaire? :D Instead of using volume to confirm price, its almost like using price to confirm what the volume is saying. A slight difference but thats how I am seeing it. Still new to CD but I likey!

Draw 2 horizontal lines at 924 and 927. Go back since early May. You will notice that this area is a highly reactive zone. Yesterday afternoon we consolidated and CD started trending down in the late afternoon. The rest is history :D

LOL.....Im glad not everyone sees any value in CD. I had resistance in the 924-927 range, saw some nice Delta divergence trades this morning. Was in before the downdraft started :) Now we auction back down to the 885s!

Tested those 918s again. Looks like we were unable to auction down to the 875s.....before we started to auction back up to the high of the range. I think we may auction back up above the 920s before testing the 875s again. Eventually though, we need that 875 level to be taken down...

We havent gotten the 882.5 yet....lets test that this afternoon. CD has been divergent to yesterdays low. I have been taking shots at the long side all morning. Had to wash out a few times but finally caught the 4 pt at 85.25 .

I will bring the lawn chairs :D :D :D

918 was the low end of the range of the new contract before breaking down and going on to test the 900 level. Some players were probably looking to resell that area.

Great morning so far.....lets see if we can take out 875......... today! :D

Is the 899-903 area measured due to the resting demand that was met or because of the initiated buying out of that area. PLEASE let the market take out the 900 level and the corresponding 875 level this week! I still have a tight grip on that lawn chair.

Thanks again for taking the time with this thread. Trying to soak up as much as I can. The commercials essentially unloaded some of their shorts that they carried from higher levels on the probe of 900. We are now in a range between 900 and 950. Where are the resting short inventory holders...

Thanks Nirav...will have to look more in depth at this. Have a great weekend everyone.

Also, if we have an intraday trend with for example 3 legs. Each leg was done buy initiated trade. Therefore, there would be resting inventory at the beginning of each leg of the trend. My guess(still thinking it through) is there would be resting inventory right where the initiated trade at the...

Im still not exactly sure what you are showing. It looks like you are showing that the CD was unable to get back...but back to where? Just confused. Also, you mentioned the 24-27. IOAMT room was looking at 23-27 area as where there might be some resistance. I have been trying to...

If you had time, could you explain what the deal was with CD today. The market seemed to be creeping up while the CD was trending lower all day. Good day to be taking shots short at 915 and above. Hope you are having a great vacation.

Not particularly but if it helps make the market take out the 875 level....IM ALL GAME :p

Interesting place we have ourselves in. Market has options expirations tomorrow in conjunction with the 900 level and 50 MA right below it. I cant take the suspense :(

The afternoon high was made on lower cumulative delta...are they building a short position intraday? we may test the highs again ...curious to see how the CD plays out.

Market still holding that 900 area. I want that to get taken out and the 875 on the same day :D Hey...nothing wrong with a little hope.