Here is a simple chart example of a Footprint chart from this morning. As with other examples on this site, note the divergence in order flow, something that MarketDelta refers to as “Delta.”
Archive for July, 2011
Here are a couple highs of the day that occurred on divergences against what MarketDelta calls “cumulative delta.” We’ve discussed this concept here a few times before, and this chart demonstrates it nicely. The one that occurred today was particularly sharp:
Here is a simple graphic from today that shows how order flow shifted in favor of the buyers, right before a huge rally that continued for 15 points!