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The spread between SPX and ES is purely mechanical. It’s a function of expected future interest rates and dividends over the remaining life of the future. Ther

• MuffinFlavored 3y ago
  > There is no such thing as support/resistance in reality. Where would you say 80% of the daily trade volume comes from on average? The powers to be that I can think of: institutional investors / fund managers slowly reallocating (selling stuff off, buying stuff) daily high frequency trading algorithms trading shares back and forth to each other in an artificial way to generate synthetic volume/movement market makers reacting to option chain volume to remain neutral "hedge funds" / "quant funds" running their algorithm what do those algorithms look for at the "minute by minute" scale if not things like support/resistance/patterns/volume?
  • jleahy 3y ago
    In my experience a large % of the daily trade volume comes from me.