Andrew Stoeckley
posted this on March 16, 2011 08:38
The Footprint chart is a novel tool for studying market activity; no other charting method offers the immediate transparency of the energies at work in the marketplace. It demystifies the market's order flow so you can quickly identify shifts in sentiment.
Here are some examples of common rotational patterns that occur every day in the financial markets. You can use the Footprint to confirm support and resistance levels or to monitor when the natural auction activity has exhausted in one direction and begins fresh in a new direction.
These examples are of the E-Mini S&P 500 Futures contract, but they apply to any auction market, including currency futures, other indexes, stocks or any financial instrument that trades in an open market.
Lots more examples can be found at www.footprintchart.com.


