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Niko's avatar

Asia is buying at the moment. I would not exclude Japanese buying US equities and keeping the market bid, among buybacks and passive flows. But if there was a year to sell in May and go away, this would be it.

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Gamma's avatar

Was watching the back and forth. What's noticeble is about 10000 lot in all passive sell at 55 and 50 showing intention. Buyers made a final push right after 15:00 then failed miserably.

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Tirdad24's avatar

Hello Smash

Do you use Cumulative delta based on tick volume ?

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May 4, 2023
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Smashelito's avatar

The session's closing price deviated from both the value and the VPOC, which remained in the upper distribution. This suggests that either the sellers will push the value lower after the downward spike, or the market will revert back to the value.

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