I noticed this nice short setup on CL today. Cumulative Delta was lower while price was higher(also it was a morning High of Day).
Monday, May 23, 2011
Monday, May 09, 2011
Delta Footprint Charts
The key move occurred at 8:46am (11:46am EST).
Cumulative Delta goes negative @ 8:46, then price reverses and goes higher past negative Delta price level. MELT UP!
The Cum. Delta started dropping at 842.5 at a key reversal time period 11:45am (2:45pm EST)
Cumulative Delta goes negative @ 8:46, then price reverses and goes higher past negative Delta price level. MELT UP!
The Cum. Delta started dropping at 842.5 at a key reversal time period 11:45am (2:45pm EST)
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