Last Friday's article talked about an approaching cyclical top and resumption of the down trend. However, the Emini continued up and didn't break down until today. One of my major weaknesses as a trader is that I'm always too early. But trading is about making fewer mistakes and so every time this happens I force […]
Better Volume Indicator Archive
Pull Back Signal with Hilbert Sine Wave (Emini 135 minute) Friday was a high volume churn day. The range for the day was low at only 11.50 points but the volume was high at 1.9 million contracts traded. This suggests that as the Emini pushed higher, selling volume increased and stopped prices advancing. Turning points […]
Better Volume Indicator highlights "Trampoline" bearish pattern today. The Emini hit resistance at 1,385 and fell on heavy volume. The 1,385 level was a key resistance level left over from the low of 9 January 2008. Better Volume Indicator (Emini 81 minute) The "Trampoline" volume pattern is a reversal formation consisting of a exhaustion up […]
Part 2 of the Better Volume indicator article today. In the last post I described how the typical volume histogram can be improved by coloring bars based on 5 criteria: High volume churn Low volume churn Climax volume Climax volume plus High volume churn Low volume In that article, Climax Volume examples were discussed and […]
Some free volume indicator code today. Volume has to be the most underrated market variable used in technical analysis. I think this is because traders focus on whether the volume is buying volume or selling volume. This has to be flawed – the buying volume by definition equals the selling volume. What we should be […]
High Volume Churn on the Emini today. Friday started with a frightening 17 point opening gap down but then the Emini spent most of the day range bound between 1,455 and 1,465. A rally late in the day on high volume left us with a High Volume Churn day and a gap between Thursday's low […]
Volume Indicator Volume Indicator Climax today with 2.4 million contracts traded. The Emini closed up 2.25 points at 1,524.75. The chart below shows the early morning weakness that culminated in a Volume Climax at 10am. A rally ensued which slowly dissipated and then around 1pm we had a low volume test at the 1,512 level […]
Volume Patterns: High Volume Churn The Emini closed down 1.00 point at 1,558.75 on Tuesday. In yesterday’s Emini commentary we said that “No Demand” and “High Churn” patterns tend to appear at market tops. Well today we got the “High Churn” day. The chart above shows the 3 patterns circled – NoD stands for “No […]
The Emini closed down 6.50 points at 1,533.75 on Tuesday. Range was average at 10.50 points but volume was well above average at 1.6 million contracts – giving us a Volume Churn day. The low for the day at 1,527.00 came with a volume climax down bar shown on the 45 minute chart of the Emini above.
The Emini closed up 5.25 points on Tuesday at 1,522.50. We got the pullback anticipated in [Friday’s post->https://emini-watch.com/emini-daily-update-churning-volume/152/]. Furthermore, today’s low at 1,514.25 was nicely within the 1,512 to 1,515 test zone anticipated. We’re now out of our profitable short position and have reversed to the long side.