Monday, September 22, 2014

Quick MCP Update

MCP ended the day with the same 5 min leading positive divegrence it was putting in earlier in the day in a very flat range which is often where we see the most underlying action, although it seems very boring from a price perspective, I suspect it has a lot to do with filling an order at a specific price, this kind of flat intraday trend is not normal and the fact we often see large positive and negative divergences at these flat trends tells me they likely have to do with a VWAP/Large Order fill type concept.

Divergences at what look to be runs on stops. Note today's very flat 1 cent range all day

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