hard · Order Flow Analysis

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 rising ES.
  3. Selling imbalances in both ES and ZN as yields begin to rise.
  4. Absorption at the high of the day in ES while NQ (Nasdaq) breaks out with initiative buying.

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