S&P 500 Bid x Ask Size Increased today?

S

snp500

I'm an intraday trader and part of my strategy involves being able to read the order flow.

I noticed a large jump in the size of bids and offers in the DOM today. Is there any reason behind this?

In the past few months, it has been approximately 800 x 800. Today it was more along the lines of 1200 x 1200.

Thanks much in advance for any insight
 
JMHO of course, but DOM works best for very short term only. At these levels, expect bull / bear battles to heat up more than usual.

Keep in mind where we are on a bit longer time frame - top of range. Extremes (top and bottoms) seem to attract more interest.......nature of the biz as well as a heads up.

Again - -JMHO.

Steve
 
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