RE:BID - ASK DEPTH?Thanks Riddler, So, from the level 2 that you posted can we say that any bids above 5.27 would have been settled at 5.27 unless there were a volume of bids above the 5.27 wall volume and that any asks below 5.15 would be settled because of the large number of bids at 5.15?
So the trading range for the day is set between 5.15 and 5.27 with mid point at 5.21 which happens to be where the sp closed at. So the market makers decided the sp and not any moving averages or wti price.
So now I gotta figure out what controls what the market makers do. What criteria do they use to build their walls? Anyway thank you very much! I appreciate it.