Overnight analysis 2010-11-18
After a range day, market is pushing higher during overnight session. Sellers from Tuesday didn’t give up yet, as we can’t see agressive buyers jumping into market(huge short position still acumulated). If it doesn’t squeeze this short sellers during regular session, I will be looking for shorts setups.
Cumulative low volume node at 1186.50 being tested right now (1:00hs AM ET):



Thanks for your recent posts? You may have already answered this, but what indicator/symbol do you use to see the short vs. long holdings? Thanks in advance.
I use the delta (Buy orders at ask minus sell orders at bid) as a proxy for this information.