@Alex__Salomon @BenZL101 @Barton_options @LukeGromen Don't read too much into longer term liquidity

Notice liquidity was higher in Jan 2018 than in Feb 2020

Still made aths

Liquidity stops price movement
They are the limit bids and asks on the book

Orders at levels

Market&gt;limit = breaks
Market&lt;limit = holds
#es_f $spx $spy