Excess made during the last 30 minutes of the day. So a single string of letters that marks the high or low of day. We differentiate it from excess because unlike excess, we don’t know whether the auction in that direction is over/resolved since the market closed. Meaning we watch the range of that or base of it which would be the high or low of the session prior to the highs/lows made in the last 30 minutes of the day for a continuation or rejection and trade back into value.
What's a spike?
Excess made during the last 30 minutes of the day. So a single string of letters that marks the high or low of day. We differentiate it from excess because unlike excess, we don’t know whether the auction in that direction is over/resolved since the market closed. Meaning we watch the range of that or base of it which would be the high or low of the session prior to the highs/lows made in the last 30 minutes of the day for a continuation or rejection and trade back into value.
Thank you
Thank you, Rizzo. Cheers!
Thank you🙏