We aare moving inside the squeeze beetween 28 and 71. The directional momentom is sideways with a north wind. Impportant supports are 28, 32 34 36 resistances around 37,50 38 39 40 46 48. We are expecting movement to 48 dollars on the upside.PMO signal is incoming on the daily and in play turning bullish on the samaller timeframes. Volume is average, nothing particular except the traffic is mostly institutional on the thirda markets. Phantom 1000 and 1500 dolalr prices on EIX and AMEX are showing there is loads of activity on the dark pool exchanges.
Green + Happy Sailing, no shorts in sight, bullish outook with institutional interest Green Happy Sailing, no shorts in sight Yellow Some short activity, strong resistance, posible short play Red Shorts are owning the tape, downside inminent.
Great work! Could you please help me understand those dark pool trades that you were catching on the AMEX. How do they work? and why was the spread so different on NSDAQ? Does it signify anything? Thanks.
eltraderche
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@ShinobiTrading, Hey, thanks for the feedback. I have been away..getting through the messages...So..The asks price of 1000 500 100 or dark pool excahnges i.e: iex , amex etc, that we were seeing is basically the premium price to pay to short the stock by institutionals or anyone with enough money basically, as far as it concerns us. So the highest the value the more bullish thestock is. IF you see 999999 those are fake outs done on purpose to push the price up. You can set your watch to it :). Important I there is a short restriction in play it wont make a diference for the dark pool, meaning you will see th trades but they wont be shorts...there you need to watch the market maker to know if it is happening. Always check the short interest and see if it is inline with the prediction of the price to short. Soamc has arund 100% premium you will see a price of 80 10 100 buckks on the level 2 dark poolers....Ihope this helps...do your reasearch you have waht we all a point..now pull from it and get the whole thread.... Good luck! THanks for listening.