frytownfarmer - 10/26/2016 12:50 Something I've been watching and thinking about... when zsn16 was at $12 zsx16 was at upper $11s while zsx17 was down just above $10... the futures were pointing down Just a few days ago zsx16 was same as zsx17 but now is taking off again... I know from watching in the past, when markets bottom... quite literally all futures are higher than the front month... same as when markets top... all futures are significantly lower than front month... So if the extremes are true to tell... then when the futures are all flat does that tell a balance is in the market? We could use this to our advantage to look at past highs or lows and where price should eventually swing to on the other side of balance.., Thoughts? You mean that the spreads are just an expression of the energy in the market??? Interesting concept :-) Take Care |