There is a disturbing correlation here with the difference between contracts. It seems like capitulation is nearing. Could it possibly bullish for markets when it turns down again? Looks like NQ2!-NQ1! is about to.
Note
Note that the current position can be misleading until the candle closes on the line chart. In candle mode you see large wicks on both sides.Note
but that sure looks like capitulation is comingDisclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.