hard · Order Flow Analysis absorption-exhaustion-imbalance

Which cross-market divergence would most strongly confirm a bearish 'Risk-Off' institutional shift in the E-mini S&P 500 (ES)?

  1. Stacked selling imbalances in ES occurring simultaneously with stacked buying imbalances in ZN (10-Year Bonds).
  2. Buying imbalances in CL (Crude Oil) that correlate with a simultaneously rising ES index over the session.
  3. Selling imbalances appearing in both ES and ZN together as Treasury yields simultaneously begin rising sharply.
  4. Absorption at the day's high in ES while NQ (Nasdaq) simultaneously breaks out sharply on strong initiative buying volume.

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