About imbalance, last 10 minutes of the trading day + Levels for May 8th - Support & Resistance Levels

Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

About imbalance, last 10 minutes of the trading day + Levels for May 8th

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel
Listen to our Market Recap Podcasts on Apple Podcasts

 

 

The Last 15 minutes are Very Important!

 

by Ilan Levy-Mayer, VP

For those engaged in trading index futures, particularly day trading in instruments like the mini NASDAQ, mini S&P500, and micro NASDAQ, it’s becoming increasingly clear that the final 10 to 15 minutes of the trading session are gaining significance.

The advent of zero-day expiration options and the earnings season seem to be driving a surge in volume and market activity during this closing window. A key metric I monitor is what I term ‘the imbalance,’ which reflects the trading dynamics of the constituent stocks within these indices, including major players like Microsoft and Netflix, among others. Various platforms, including TradeTheNews.com, offer insights into this imbalance, and as demonstrated in the screenshot provided, we extend a complimentary trial to TTN’s acclaimed services.

What you will see below is the last trading day there was a significant imbalance, the screen shot below from TTN shows an “imbalance to the sell side of 2.0 Billion”

 

You can also see the large downside move that took place the same day during the last 15 minutes along with HIGH volume, almost as much as the rest of the day session…..

AGAIN, this is NOT meant as a recommendation or as an indicator….simply another factor to pay attention to.

This brief article isn’t a guide on how to trade in these crucial final minutes but rather a prompt to acknowledge their importance. As a trader, you should dedicate more time to studying and understanding this period. Below, you’ll find a chart of mini S&P 500 from April 30th session, complete with volume and additional analyses for your consideration.

 

 

 

Daily Levels for May 8th, 2024

 

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Click to rate this post!
[Total: 0 Average: 0]
Posted in: Charts & Indicators   | Commodity Brokers   | Commodity Trading   | Day Trading   | Future Trading News   | Futures Broker   | Futures Trading   | Index Futures   | Indices   | S&P 500   | Trading Guide  

Trading Expertise As Featured In

Trading Tips You Can Use Right Away!


Watch 4 short videos on the topics of:
  • Using Bollinger Bands and Parabolics
  • Using range Bars for Day-Trading
  • The concept of Price Confirmation
  • How to Use Support & Resistance Levels
  • License 3 Broker at your Fingertips
Loading
Loading

Loading
Loading
Loading

Loading