Wasn’t much on the close yesterday as we just moved into it slowly. We did know that they were not going to take it down much, so no spill on the close. That is valuable information to have. The trade was just before the reveal, (3:45PM ET) when the NYSE numbers are made public, to go long with the MiM and then hold into the close gave you almost 2.
Looking at this chart and watching the meter in action are really two different things. As price is moving, the MiM is moving, you do get a sense of how the close is going to work. Two days in a row we have “trending” MiM readings, which either strengthened in to a signal like yesterday, or weakened out of a signal as the day before. I think we struggle most with those days. We all want the 500M 90% buy. That is a clear signal. The trending days are a bit tougher to decipher, but there is data there and data worth having and knowing.