Here is an idea which is still in experimental stage.
Watch the numbers in the derivatives market closely. Data which is watched is
- futures premium
- options interests of 3 most active calls and 3 most active puts
- implied volatility of the above options
- change in open interest of the above options
Here are today's numbers :
- Medium # : -2.6
- Short # : +9.8
Currently i wont be updating these numbers everyday, only when i have time to trade or experiement. but later on i plan to do regular updates.