When negative deltas begin to stack up in the market, yields continue to rise, and the tape remains generally weak, it can be hard to fathom how it's possible that we continue to drift upward.
There are, of course, multiple answers to this question, and
@SpotGamma's Brent Kochuba dove into a number of those answers this morning on air with
@TraderMikeyB and
@JermalChandler.
Using SpotGamma's HIRO Indicator, Brent is able to identify the flows of delta in the broader market, and isolate the reasons why that flow may not match the market's performance on any given day.
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