The Emini closed up 5.50 points at 1,517.25 on Friday. Leading into the long weekend, volume was light at only 0.9 million contracts traded.
Better Volume Indicator Archive
The Emini closed unchanged at 1,514.25 on Monday. Today’s volume and range were ultra-low: 0.5 million contracts traded and 3.75 points. We’re definitely running out of steam.
The Emini closed up 1.25 points at 1,480.25 on Wednesday. Volume and range were both slightly above average at 1.1 million contracts and 11.00 points respectively. The chart below shows Emini trading over the last month or so on a 135 minute chart. Remember, this divides the trading day into 3 equal parts.
Volume Indicator (Emini daily) The Emini closed up 13.00 points at 1,409.00 on Wednesday. The range was still high at over 20 points and so was the volume at over 2 million contracts traded. This indicates there is still a good deal of selling volume that needs to be absorbed. But the Emini was up […]
The Emini closed up 9.00 points at 1,443.25 on Wednesday. The Fed meeting announcement lit a fire under the market and we saw a new high of 1,446.75. My profit target got hit on the way up – thank you very much – but my conservative call yesterday meant I missed a further 8 points of profit potential. No regrets – we’re here to make money…
Profit taking set in at the end of the day with a classic Volume Climax and Volume Churn pattern. With professional selling coming in above 1,444 the market will find it hard to advance without re-grouping first.
Volume Indicator (Emini 135 min) The Emini closed down 17.00 points at 1,429.25 on Thursday. What a roller coaster couple of days! The trending phase of the market is definitely over and we are now in a cyclical phase where the market tries to decide which way to trend next. Let me show you how […]
The Emini closed down 2.00 points at 1,438.75 on Tuesday. Low volume day with only 0.7 million contracts traded and very small range of only 5.75 points. As a result the Volume Churn was high. Take a look at the chart and Volume Churn explanation below.
The Emini closed unchanged at 1,438.25 on Friday. Opening gap up and distribution day today, particularly on the NASDAQ index. Expect weakness on Monday and we’ll have to see how far this goes. Discussion of volume churn, bonds, oil and Trading Index (TRIN) today.
The Emini closed up 13.75 points at 1,402.25 on Wednesday. We passed the 50% retracement level of 1,395 today with surprising strength. So was Monday a “one day sell off”? Time to time a closer look.
Consolidation at the highs today. The Emini closed up 0.50 points at 1,405.25 on Monday. Small range day today with no clear direction. Everybody is expecting the market to tread water this week given the upcoming Thanksgiving Holiday.