Yesterday, we just had no volume on the MiM. What we are hearing is that the market really isn’t believing in a direction here. The best trade yesterday, despite a slightly bias buy side market, was to the downside at the 3:20pm ET entry that I like. We are looking for buying or selling momentum on the MiM and it just isn’t coming in.
With selling like this today it is going to be a very very interesting day on the MiM.
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What is the MiM and how do I trade the data?