A new Delta Zone of resistance forms at today’s highs

By FulcrumTrader · July 28, 2009 · Filed in Daily Review

There was a broad mix of very interesting trade signals today. We had the typical Delta Divergence trades, trend following trades, and a really powerful resting inventory neutralization trade. I do see some tension building up in the Delta Volume Distribution, so tomorrow I do not see a consolidation type day ahead. I am looking for some price reactivity tomorrow which should cause range extension of price outside of today’s trading range. Price trading beyond the 978.25 level or below the 969.00 level will turn my focus to the Delta Thresholds I am tracking. I want to be ready for potential high probability trade set-ups at these areas.

Video 1



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