Thursday, February 28, 2013

Futures CRASH through VWAP

Here are the futures...
 Earlier the 1 min intraday chart started leading negative in ES, this was after there were some signs in TICK.

This is EXACTLY the signal I have been using for the weekly puts, price is up nice, the puts are cheaper and there's heavy distribution. Today feels like it may have been a very important day.


 ES and VWAP, look at where ES is turned down, right at the ideal selling/short selling place, the top standard deviation of VWAP, this is what institutional players use to gauge their fills.


 NQ went negative, it got a bit worse in to the highs of the day

 The 5 min chart though is the one I'm interested in, this is negative like the rest of the Put / weekly option plays.

Again, look  at VWAP, the selling crashed right through the bottom, that looks like major panic.

The fact VXX held up so well and UVXY as mentioned earlier were very interesting, someone was busy buying protection as VIX shows and about an hour before price started to reverse

VIX bottomed at 1:30, the SPX didn't turn down until 2:35, about an hour after protection was being bid.

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