First Look @ Extended 3C

First of all, everyone here knows I share all of my indicators with members, but please don't ask me about this one yet. There's a lot to learn and putting something out there that I don't fully grasp can be down right dangerous. However, it will be used for all member's benefit.

First here's AA

 AA 15 min 3C

This is 3C 15 min including extended hours which are in the lighter shade. Both show distribution in AA, but the second chart shows a continuous trend of distribution through normal and extended hours.

Now for ES

First of all, what is ES? ES is the S&P 500 futures contract (not options, but futures, the same as cattle, corn, coffee, etc) traded on the Globex 24 hours a day from 5 p.m. Central on Sunday night to 4:30 p.m. Central Friday night; also referred to as "E-Mini" Typically there are over a million contracts traded per day. To figure out the price of 1 contract, multiply the S&P-500 by $50. So as of today's close, 1 contract would be approximately $59,751.50. Multiply that by the typical 1,100,000 contracts traded per day and you get approximately $65,726,650,000-yes, over $65 billion dollars a day traded.

Compare that with the 192,400,200 shares of the SPY traded today at the closing price, you get $23,020,683,930. Or a little over $23 billion dollars. You can see how big the ES futures market is and why it is important.

Here's a look at 3C on the ES.

 This is an hourly chart of ES with the shaded areas representing extended hours and the black areas representing normal market hours. There's still a lot to learn so I'm not going to start making predictions here, but I will point out that it does appear as if there has been recent distribution in ES trading over the last 3 days, which is about the same time 3C started picking up market distribution if you recall.

 This is a 30 min chart of the same. Notice how 3C was in line with ES until last night, when distribution seemed to take place. Today the market was virtually flat, especially compared to yesterday.

 And a 5 min 3C chart we see what appears to be continued distribution throughout the market hours today, even though ES prices were a bit higher. ES was $1189.76 at 4 p.m., it's now at 1187.25, which if you add in the multiplier is a pretty significant change.

I hope now you can see why I'm so exited about this new chapter for 3C and also why when I share it with you, I share it with you and you only, please keep it that way.