RE: MM’s13 Dec 2020 18:51
Shaa. I know you are a Level 2 person.I use Google Finance to look for very small changes in the p.centage up or down.It is very reliable but not infallible.If for example it is showing Up 3.4p cent up and seconds later it is 4.7 up then you can be confident the rise is in a run. And vice versa.
With your method it seems you look at Bid/Ask ,Spread, and which MMs are out if line with the others.
Wide spread indicates MMs are not encouraging Buying. Ok?
I get that.So the MM who is reluctant to raise his Ask presumably wants to sell off his remaining cheap stock.Thst done all MMs can trade the higher price.
My basic question to you is which number usually moves first to indicate that the SP is going to rise. Or is it a kind of Domino effect?When you look at the whole scene what are the ones to watch first or are most significant in your experience?
Or have I left you confused?
Anyway here's hoping for an early Christmas present however it is wrapped