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Read The Market Like A Pro Using OMM — Transcript

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0:01[clears throat]
0:01>> Okay.
0:02Hi, this is Russell. I can explain the
0:05OMM graph.
0:08There's two portions of it.
0:10There's the bias,
0:13which is the top portion.
0:16And what this does is tell us
0:19at any moment in time
0:23what the bias is, either long or short.
0:27And that comes by the
0:30PML line, which is this red line.
0:33So when the green line, which is price,
0:35is above the red line,
0:37the bias is long.
0:39So here it's long. And then when it
0:42transitions through the red line, the
0:44overall bias is short.
0:48So when it's short, that means that, you
0:50know, signals that are
0:53that go red on our vector line are the
0:56ones that are active, that work the
0:59best. And then of course when we're
1:01long, signals above the vector line are
1:04the ones that tend to work the best. So
1:07you can see we came down here and we got
1:10near the floor. So we tend to maintain a
1:14margin.
1:15And for QQQ,
1:17the margin is one point, roughly,
1:21approximately.
1:24So what that means is when we're headed
1:27into the floor
1:29>> [clears throat]
1:29>> and we're
1:30interrogating, we're looking at the OMM,
1:34we tend to not intercept the floor, but
1:36we tend to come within a margin of the
1:38floor, within about a point of the
1:40floor. And you can see it came down here
1:42and then it bounced off. And then with
1:44time,
1:46it started consolidating and then it
1:48started working back up towards the PML
1:50line again.
1:52So
1:53the theme of this is on a PML line
1:59that's like [snorts] this. Our green
2:02line is constantly above and below. It's
2:07constantly oscillating above and below
2:10the PML line.
2:12So, when we get underneath
2:14we can look for some point an
2:16intersection
2:18to get above.
2:20Here it tried to get above. And then
2:22when we're above, we can look at some
2:24point like here where it tries to get
2:27below.
2:29>> [clears throat]
2:29>> And then as we have our margin, there's
2:31also a margin up here. And the margin up
2:33here is roughly it's also one point.
2:38So, we have that as a margin of one
2:41point.
2:43Now, we do not have to get into the
2:45margin. So, what I do is myself
2:49I
2:51typically I lied into today, but
2:52typically I draw on the screen and I put
2:54in my margin.
2:55So, if the ceiling is here, I subtract
3:00one point from the ceiling which gives
3:03the margin.
3:05And if we start to encroach on the
3:07margin, usually it's a kind of a target,
3:10but
3:11if we start to encroach on the margin
3:14there tends to be a rejection from the
3:15margin.
3:17Only occasionally and it's mostly on
3:19Fridays do we get what we call positive
3:21exposure.
3:23And that's more times than not on
3:24Friday, not during the week.
3:27And where that's
3:29what that is is when we encroach on the
3:31margin.
3:34So, we get into here, then we start to
3:36encroach on the ceiling.
3:39And this is the only time when we mark a
3:41ceiling that we can go through it. And
3:43if we go through the ceiling, it's
3:45roughly
3:46um
3:47plus two points. So, either have a a
3:51plus two to a plus one point move
3:55if that does occur.
3:59So,
4:01it's something I look for, but it's
4:03mostly on Friday.
4:05You know, like a month or two ago, I
4:06think it was AVP, I think it was on a
4:09Friday we were talking just about this
4:11and I was like, "Okay,
4:13we could probably have a positive
4:14exposure event
4:16that day, which we did. We went through
4:19the ceiling and we acquired slightly
4:22over two points.
4:24So, on that, you know, the high leverage
4:26plays like calls that are up here
4:30usually have a hundreds of a percent
4:33range because they're usually relatively
4:34cheap. They're usually
4:36um a quarter to 10 cents and they'll
4:39usually move to 50, 70, 80 cents, $1.50
4:44off that.
4:46And the same thing down here, if we do
4:48break through the floor, which is
4:50not a very often event,
4:53um it's a positive exposure ne- negative
4:55exposure event technically cuz we exceed
4:58the floor. I just refer to as positive
5:01exposure because it's the same thing.
5:02It's
5:03moving outside of expectations of the
5:05market makers, of the writers of the
5:07contracts.
5:09So, the writers are
5:11basically pricing this out
5:15and they're trying for this to crush
5:18down on premium.
5:20So, we interrogate it. We do
5:22This gets driven by synthetic trading.
5:25So, we interrogate it,
5:27drive these values through synthetic
5:29trading. So, we trade up and down in
5:32front of us and then that lets us
5:34calculate
5:36the
5:37floor and the ceiling and the P&L. The
5:40P&L's where they want to move away from.
5:42This is where they have the max risk.
5:44So, in order for them to lighten up,
5:46they need to move away from it
5:48>> [clears throat]
5:48>> and then they can start to close out
5:51um their positions profitably by selling
5:54premium.
5:55So, this basically ends up being a max
5:57premium line.
5:59Which is way different than they have a
6:01thing called max pain.
6:03And
6:04oddly enough, max pain they kind of do
6:07this. The reality of it is there's kind
6:09of an inverted thing. This is what's
6:11really going on. Where the writers have
6:14um
6:15you know, like PIV.
6:18Peak volatility.
6:20Cuz they have to sell into volatility.
6:22They can't
6:23sell on the edges cuz they don't make
6:25any money.
6:26So, what happens is PML becomes this
6:27peak volatility line.
6:30And then the market
6:33uh needs to move away from that either
6:35up or down.
6:36>> [clears throat]
6:37>> And then that lets them
6:38collect premium. So, you can look at
6:40this PML as a max premium line.
6:43And then as the uh the green line is
6:46price as it's moving away from it up or
6:48down.
6:49>> [snorts]
6:49>> And it tends to move away from uh the
6:52most contracts. So,
6:54we know here that this call side up here
6:58has
6:59um the it's the heaviest waiting of
7:02contracts.
7:03So, there's more selling of premium up
7:06here.
7:07And it's more beneficial for the market
7:10to move down.
7:12And a lot of times like the writers they
7:15will
7:16a lot of them are institutions. So, they
7:17will control a lot of the underlying
7:18stock, but
7:20at the same time, it's not really a
7:22rigged game. It's just they calculate
7:25out and they're like, "Okay, the most
7:27probable path the market move is down.
7:30So, we'll just write more calls."
7:33Here, when we're down here,
7:36the most probable path the market move
7:38is long.
7:40So, we'll write more puts down in here.
7:42So, we'll just sell more put side
7:43premium. So, as the price eventually
7:46tries to, you know, drift up,
7:49uh they can cover that
7:51premium and collect on it. And ideally,
7:53if they can get 100%, that's the best
7:56thing, but
7:57typically, if they can get 50% or
7:59better,
8:00that's [clears throat] kind of what
8:01they'll shoot for.
8:03Now, when we look at the graph, we've
8:04also got a bottom portion in it.
8:08And this is
8:09the portion I look at a lot, cuz this is
8:12the one that I have the most interest
8:14in.
8:15And this is in who's in control
8:18of the session.
8:21>> [sighs]
8:22>> Now, that breaks down into either bulls
8:27or bears.
8:29And this is key because when I'm looking
8:32at
8:34let's say this is 9:30 in the morning,
8:38and this thing, it takes a few minutes
8:39to start printing. And the reason is, it
8:42has to work on trading volume. There has
8:43to be some options start to trade. The
8:46QQQ has to trade. The spy has to trade.
8:49The spy options have to trade.
8:51So, it's not a classical indicator where
8:54it's just like based on momentum or
8:56price. That's not at all how this thing
8:58works. It starts to look at where
9:02the volume's coming in. Like where and
9:05not even volume, I should say
9:07necessarily, but where the trades are
9:09starting to fire off.
9:11Because if we know that institutions are
9:15collecting on premium,
9:18>> [clears throat]
9:18>> we're trying to see which side they're
9:19selling the premium on. So, that's kind
9:22of what this is all boiling down to. And
9:24it does it, again, through synthetic
9:26trading. It's trading up and down.
9:28It's trading the chain up and down. And
9:30it's trying to figure out which side,
9:34which it does it very successfully. It's
9:36trying to figure out which side they're
9:37selling on.
9:38So, when we have this red line rising,
9:42like we have here,
9:44this means they're selling put side
9:47premium.
9:49So, when red line is rising,
9:55selling put side premium.
9:59Now, when the
10:00um
10:03light green line
10:07rising,
10:09they're selling
10:10call side premium.
10:14Now, since institutions buy a larger in
10:17control of the volume and most of
10:20trading throughout the day,
10:23they're the ones doing all this selling.
10:26So, we interrogate through synthetic
10:29trading, trading up and down
10:31synthetically all the time, just
10:32constantly, millions of times a day,
10:35seeing where the drive
10:38ceiling and floor is at, where the PML
10:40is at, and where the contracts premiums
10:45being sold. So, when this red line is
10:47rising,
10:49I know that I can buy, you know, long
10:52side calls.
11:01So, we can buy just long calls
11:07um for
11:09uh potential incoming of
11:14a premium inflation.
11:19Now, as long as the calls aren't too far
11:21out of the money, like
11:23you know, if you go beyond the ceiling,
11:24that's a problem. So, you want to keep
11:26it underneath the ceiling, the call
11:28side,
11:29when you're doing that. And you can keep
11:31it out the money, too, so it kind of
11:33locks in.
11:35Now, on the flip side,
11:37conversely,
11:38if the light
11:40green line is rising,
11:44we can buy
11:47long puts for a potential
11:53incoming of premium inflation.
11:58So, when this line's rising,
12:01the red line,
12:04so it's going up here,
12:07that means the market, so let's say
12:11that's the QQQ,
12:13so the market's like this.
12:17The market can be fairly sedate
12:20during all of this.
12:23So, during all of that, it can be very,
12:26kind of like sideways, pretty sedate,
12:28not really moving up and down that much.
12:30A little bit more of a chop.
12:33And I can already tell that because of
12:34the screen line. See how this green line
12:37is stalking?
12:42The screen line's kind of mirroring
12:45the red line.
12:46I know when that's happening, price
12:50is
12:52just chopping, kind of like this.
12:55Now, when this red line starts, or
12:58excuse me, when the green line Let's say
13:00the green line
13:02flipped over and went down like this,
13:04what's going to happen is
13:06our price that has been chopping is
13:09going to go like that.
13:12So, it's going to take off.
13:15So, today, case in point, I was using
13:18um Meta.
13:20And Meta came kind of down, and it was
13:22kind of chopping around. It was hitting
13:24those open lines.
13:26>> [snorts]
13:26>> So, I I was I bought it down in here
13:29when it was doing that.
13:32Um
13:33and then finally the condition cleared
13:35up
13:36and then it just goes like boink like
13:39that.
13:41So, I was down there and then when we
13:43were hitting the um
13:45I think it was an open line or something
13:46I had in there whatever I had in there.
13:48Uh that's when I ended up selling it.
13:51So, these matters, you know, like down
13:53in here they were $2
13:57and less.
13:59And then they went up to I don't know it
14:01was like four or something or whatever
14:03it was.
14:04Feels like eons ago.
14:06>> [snorts]
14:07>> And that's because we had this action
14:11where
14:13we were running in parallel.
14:15Uh the market is fairly sedate. It was
14:17consolidating.
14:19And then finally we had some price break
14:22and uh
14:24it took off.
14:27Then
14:28a little bit into the session later
14:31right in here we had a cross over a
14:34green line
14:35to the red line and then this is where
14:38the bears came in.
14:40So, right here it was highly bearish and
14:42then we got some big pullbacks.
14:45And then there was another fight again.
14:47So,
14:48we don't know how long this will last.
14:52It could run the entire session. We've
14:54had sessions where the red line or the
14:56light green line just continues to
14:59accelerate and just kind of go
15:01parabolic.
15:03And then we've also had situations like
15:05today where
15:06running in parallel, we have a switch up
15:08here, context change in it. Then it
15:10attempts to have another context change.
15:13The green line maintained.
15:15The light green line light green line
15:17maintained. So, overall it was kind of
15:19maintaining short.
15:21But we don't know how long that'll last.
15:23So,
15:24what I tend to do is
15:26on the screen for myself or in the
15:29background, either way,
15:30I have these, you know, I have these
15:32open lines I'm looking at.
15:35And what I'll do is
15:37I will look at them in um W 20
15:435-minute.
15:46And then I'll
15:48I'll also kind of look at W1 5-minute.
15:54W2 5-minute.
16:00I'll do W10 15-minute.
16:05I'm just looking at different sequences
16:09to see where our open lines are at.
16:12And um because typically the bears or
16:15the bulls, they are heading towards one
16:17of those open states.
16:19As if you're a bear, you want to take
16:21the price as low as you can get it, of
16:22course.
16:23Prior lows, which open states
16:25represents.
16:27That's one target area, right? To keep
16:29going to those lows and trying to get to
16:31a lower low. Same with the bulls. You
16:33want to get to open states that are high
16:36and try to get to the next one, the next
16:37one, next one until finally it fails and
16:39there's no participation.
16:42So, you want to keep uh they want to
16:44keep pushing towards that.
16:46The highs and the lows. So, as long as
16:49we are short here,
16:53you know, I'll look over here and I'll
16:54see what open lines there are. And you
16:56can also use clusters. And you can also
16:58use imprints and just look over to the
17:00right and see where
17:02we've got groupings or clusters of
17:04imprints where and that represents where
17:07our reversions come in cuz market
17:09there's some repetition to it. It'll
17:11kind of seek out certain levels over and
17:13over, you know.
17:15>> [clears throat]
17:15>> And around the pivot when we get into
17:17these tighter wave frames
17:20like the one in 5-minute the W
17:232 5-minute, you'll see that
17:26the price action on the pivot it's
17:28pretty much just kind of spinning around
17:30it. And this is the same technique I
17:32used on Friday where we had Nvidia and
17:35it moved up to 700%
17:38at the last minute. So on Friday we had
17:40Nvidia
17:42and that one jumped 700
17:46and what we were doing is we were
17:47watching
17:49just this. We were watching our open
17:51states
17:52and we're watching the um
17:55wave 2 5-minute it was for compression
17:58and stuff. So
18:00at any rate watching that against this
18:02information
18:04is very good. If you see this
18:06green line rising like this and it's
18:09above the red line
18:11you want to avoid
18:13the call side signals on the vector.
18:16In the same way with the red line, if
18:17you see the red line above this light
18:19green line
18:21then you want to avoid short side
18:23signals. So if the red's above, you want
18:25to avoid short and if this green's
18:27above, you want to avoid long cuz what
18:30tends to happen again is when the
18:33green's above
18:35um you can get these spurts down like
18:38that. So I just, you know, if you have
18:41an entry here and you're like, okay, I
18:43know it's going to flip back to red
18:47well, before you know it it maintains
18:48green and then you're way down here and
18:51you're way, you know, for options you
18:53can start to get way out of the money so
18:55that they cannot recover if we do get a
18:58flip.
19:00It's the same way with the call side.
19:03If you've got the call side going up
19:07so the red line's going up and you You
19:10the price on the calls kind of going
19:11like that.
19:13Um
19:14you know, you want to avoid any shorts
19:16because if you put a short on here,
19:19you're like, "Aha, I think it's going to
19:21flip and it's going to pull back." And
19:23before you know it, it's way up here,
19:25and there's
19:27you know, it's so far from where you've
19:29put your position on that for an option,
19:32it can't really feasibly get back down
19:35there
19:36in time, especially if you're using like
19:38a zero DTE and you're running out of
19:40time a little in the session. It's
19:42better to avoid that. So, I always look
19:44at this light green, this light red, or
19:47excuse me, the red line
19:49for my positioning to know which way
19:52I'm starting to win. And it's going to
19:54be very hard to see. When we first start
19:57in the morning,
20:00I struggle with this, so I actually need
20:02to probably, you know, clean that graph
20:03up a little bit, but
20:06Okay, let's say this is where we start
20:08off that line.
20:10I will literally look for And you can
20:13use a query, too. You don't have to be
20:15crazy like me. I'll literally look for
20:17this. I'll look for a little
20:20dot of red,
20:23and like maybe a little dot of that
20:26light green to see where we're falling
20:28out. I like to see it visually. So, when
20:31we first start in the morning, it's
20:32going to be hard to see it
20:35cuz it's going to be like way down here,
20:37just like little nubs popping out. So,
20:40I'm looking for that. And if I see the
20:41reds on top, I know my go-to contract is
20:45going to be call side.
20:47And conversely, if I
20:49you know, it's like a little after 9:30,
20:51it starts to print. If I see a little
20:53bit of green up there,
20:55and then I'm seeing a little bit of red
20:57underneath down there, and this is, you
21:00know, barely starting to print, barely
21:01see it.
21:03On this, I know it's going to be the put
21:05side is going to be the go-to contract.
21:10And I know that
21:12more more than likely probably have to
21:14give it a little time because
21:16again, a lot of the time
21:19the um contracts
21:22are going to be a little bit sluggish
21:26to move.
21:28It's not going to be an instantaneous
21:29thing.
21:30So, when we see these things occurring
21:35and maybe we have a put up here
21:38and we can have price action kind of
21:41pretty mellow.
21:43You know, and then it may be cuz a lot
21:46of times the first 15 minutes of the
21:47session, not always, but sometimes when
21:49they're
21:50they call it the orb, the breakout
21:52range, but
21:54whenever that occurs, um there can be a
21:56little bit of time of confusion in here
21:58because there's other traders like us,
22:00they're doing the same techniques, the
22:02institutions and stuff. It's This isn't
22:04anything novel.
22:06And they're waiting for the same things
22:08to occur. They're waiting for people to
22:10start to make the first move and then
22:13just to kind of piggyback off of them.
22:15So, a lot of times you might have some
22:17overnight volatility is a little high.
22:19The put jumps, maybe the put was down
22:22here, jumps up here, then it kind of
22:24starts working down, hits
22:27you know, our vector or whatever for
22:28support and then finally starts working
22:31up. So, we've got our light green line
22:33leading with the red line underneath,
22:35but it just takes a little while and
22:37today um one of the guys saying he's
22:39having a really hard time trading.
22:42And
22:44you know, I know
22:46have an idea of what's going on.
22:48You know, it's it's more like a
22:49ping-pong match to him.
22:52And that's not how the market's moving.
22:55Cuz a lot of times like let's say the
22:56call side, let's say we get we have the
22:58call down here the night before and that
23:01morning jumps up here,
23:04you know, starts to fill,
23:06you know, this thing's starting to
23:08expand slowly.
23:10Premium kind of lets off on the gas,
23:12comes back down, then starts to work up.
23:15And a lot of times when people, you
23:17know, traders are real antsy, like, you
23:19know, like, I don't understand what's
23:21moving the market. I don't understand
23:22what to look for. I don't understand
23:23what's important to me.
23:26You have to know that when this light
23:28green line is is leading and the put is
23:31in control, the short side's in control,
23:33or the red side's leading and in
23:35control, you have to give this time.
23:38Like, we see this
23:40and other traders are not, even some
23:43institutions, they will be working
23:46differently than what we're doing. And
23:48we see this
23:50and we see that the red's leading and
23:52that the call side can work, the long
23:54side can work. So, sometimes you have to
23:57back off and you have to be like, okay,
23:59I'm going to wait for our standard
24:01setup, maybe it's a tabletop,
24:04or I'm going to wait for a vector, you
24:06know, the exit, a side exit.
24:08You just have to be patient. You can't
24:10be like,
24:11oh my god, the red's leading. I'm in
24:14here right this second. It's 9:30,
24:18you know, 9:00 and it started printing
24:21and and then all of a sudden it fills
24:25and then it goes up and you're like, oh
24:26my god. And then you're panicking all
24:28the way through this. And then you sell
24:31it down here and then it reverses and
24:33you just don't know what to believe. So,
24:36you have to, I use this stuff all the
24:38time. I've been doing this over 30
24:40years. So, you have to watch this stuff.
24:44Because it worked today, it will work
24:46tomorrow, believe me. This isn't just,
24:48the red line worked today and tomorrow
24:50it's going to fell, or the light green
24:52line worked today and tomorrow it's
24:53going to fell. That's not how this works
24:56whatsoever. It doesn't work that way.
24:59When the light green line is leading,
25:01the bears are in control. When the red
25:03line's leading, the bulls are in
25:04control.
25:05The only thing you have to worry about,
25:07there's only one thing you have to worry
25:08about, and that's a flip.
25:12You know, so if you're going to panic
25:14and you're over here like, "Oh my god,
25:16it's in a flip." So you're out, and then
25:18you're back in, and then you're out, and
25:20you're back in, and you're out, and
25:21you're back in cuz you're freaking out
25:23on every
25:25head eddy here on flow. You're like, "Oh
25:27my god, it's going up and down. You know
25:28it's in a flip."
25:30I Again, we've seen this thing run for
25:33hours without intersecting and touching.
25:37And then we've also seen other times
25:38where it's all
25:40yucky and noisy.
25:42But again, if it's if the red's leading,
25:46you're looking at call side, and you got
25:48to be patient. This stuff pays off if
25:51you're patient. If you're using this and
25:54you're using your signals, it will pay
25:55off. It will work. I swear to you.
25:58We see this [clears throat] every day in
25:59QQQ live. You can go back and look
26:01through the things I post, and it it's
26:04not working one day and not the next. It
26:06works every day the same way. The only
26:09thing we have to worry about, again, is
26:11any flips or, you know, maybe one day
26:15we tend [clears throat] to get a really
26:16bad noisy day with the red line and the
26:18green line
26:19just
26:21in entanglement. [clears throat]
26:22They keep spinning around each other,
26:24coiling around each other. And that's
26:26just the way trading is. It's like, you
26:29know, maybe some days there's not much
26:31new information coming into the market,
26:33and it's fairly stagnant.
26:36And uh the bulls and bears, neither one
26:38has a real advantage, either side. So
26:41people can sell both sides of the
26:43premium.
26:44And it can be fairly equal.
26:47So, um that can occur, too. But a A of
26:50the times, by and large, if you go back
26:51and look,
26:53one side will be leading more times than
26:57not. And the rallies,
27:00they may not be super strong. Like, you
27:02know, one day you might get,
27:04you know, a two-point move, we might get
27:06a three-point move. And then we've also
27:08had five, six, seven, eight-point moves,
27:10plus.
27:12But, again, if we defer back to the red
27:15and green line, and then we choose
27:17what's leading, that's the go-to
27:21side. So, it's either call or short, so.
27:25And it, you know, it's going to work
27:27every day.
27:28Just not one day, and then it quits. I'm
27:31even I for
27:32I think it's year or something like
27:33that, I'm even was doing the
27:35calculation, showing the seven mills,
27:38and
27:39you know, it just didn't work back then
27:40when he was doing it, it
27:42>> [laughter]
27:42>> still works today. It's
27:44I maybe two years later, I'm not even
27:46sure, but this has been working a long
27:48time, and it still works the same way.
27:50>> [snorts]
27:51>> You know, the
27:52writers are selling premium, and they're
27:54trying to collect on the premium. They,
27:56you know, want to get paid.
27:59Got to pay their staff, the traders got
28:00to get paid, everybody's got to get
28:02paid, so.
28:04You know, everybody's doing this every
28:05day, trying to drum up money, or trying
28:07to game them, trying to go long
28:11on calls, or long on puts, or, you know,
28:13sell credit spreads, or call spreads, or
28:15whatever, and
28:17you know, they're trying to sell us
28:19premium that they think's going to, you
28:21know, go to zero, and think we're the
28:23sucker for buying it. So,
28:25you know, every side's got their game
28:27they're trying to play and benefit.
28:30Yeah, it'll work every day, so you just
28:33keep tabs on it, and don't try to risk
28:37too much.
28:38If If you start to get comfortable, and
28:40you're like, "Oh my god, this red line,
28:42you know, I saw yesterday the calls just
28:44really shot up."
28:45>> [snorts]
28:46>> That doesn't mean the next day it's
28:47going to have that aggressiveness to it.
28:49So, again, you know, it's like you got
28:52to trade
28:53Kelly criterions like around 2 3%. You
28:56know, not oversizing.
28:59And um
29:00keeping, you know, the bet size
29:02consistent and not not overtrading.
29:06Not trying to
29:08pre-guess where things are going. That's
29:10another problem. You don't want to
29:11pre-guess when we're getting these
29:14flips.
29:15Um back and forth on the red and green.
29:17So,
29:18that usually leads to
29:21a disaster.
29:23So, anyways, I think I've covered most
29:26of it. Top is biased. The bottom one's
29:30who's in control. The bottom one
29:32determines which side you can look for
29:34contracts.
29:36Um
29:37or if you're doing futures, which side
29:39you join.
29:41The short or long side.
29:43And um
29:45the other thing I should have mentioned
29:47is this is very powerful down here.
29:50So, if we have resistance,
29:53let's say we've got a bunch of
29:54resistance imprints or, you know, open
29:56lines, whatever on the graph.
29:59And red line's leading.
30:01This means it can knock out these open
30:05lines, these resistive lines, and
30:07continue the trend up.
30:09So, when the red line's leading, not
30:11only is it bulls are in charge,
30:13but they have the momentum and they can
30:16break resistive areas. The same way when
30:19the light green line's leading. If
30:21there's supports down here, when the
30:23light green line's leading,
30:25they can break through those supports.
30:28So, not only is it telling us who's in
30:30control, but the power of the market and
30:34whether the bulls or the bears have
30:36uh the momentum behind them.
30:41So, I hope this helps. So, thank you
30:43very much. Bye.

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