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I would like some comments on a phenomena I observed on the ES mini.
Esignal has an indicator that records and graphs the number of
contracts going off at the bid and ask. I often see bid contracts
outnumbering asks and the down moves stops and reverses. And also this
happens on rallies.
If this was due to demand coming in, why didn't the demand,(# of
contracts at ask), overcome the supply?
dom
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