The "Phantom Bar" is just a name given by Mr.Miyagi. It simply shows a false trading record in the intraday chart. Those false trading records however most likely point to the future target. A simple explanation about this false trading record is: big guys do trade in the "dark pool" and the false record is where those big guys traded so it's not false record, it does happen hidden from us! And so it's almost guaranteed to be there eventually because those big guys are capable of anything. Mr.M calculates that there is a 80% probability a pbar on SPY will be tagged within 10 days.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.