* td ES vol 2.2% higher then ytd
* td ES vol 7.8% lower than 1st sep vol
* meques mrs gave sell signal ytd night at 2200 ET
Buyers have continued pushing to the upside. In the early trading on 17th september ES have posted its fresh high at 1071.25p. First 30 minutes volume was near twice higher relatively to the day before. Still, not enough to make sustainable upside session. Already on the next 30 session minutes, market sharply rejected bulls attempts.
Moreover, as it was also yesterday, volume performance have broken usual mode with gradually shrinking volume close to the middle of the session and the overall smile alike pattern again was ruined. Today, as sellers, starting from 1030 ET, were dumping the market, volume has increased dramatically in comparison with an average of the last 50 sessions. Closing bell ES have met with some 0.3% loss, near 1062-ish area. Total volume have little bit exceeded yesterdays, but still lower than 1st september downside session total volume number.
Elsewhere, finally Meques MRS strategy has given sell signal. As you can see below & i have noted in the yesterdays post, final confirmation should be taken from stoch lines. And today at 400 Zurich time or yestardays night at 2200 ET we got it.
Once again, with the internals, when strategy sell signal is confirmed by at least 2/3 tech indicators in the relative SPY ETF four hour chart, near 90 percent (or in 9 from 10 occasions back from october 2008) of a trades based on signal are profitable. But still do note, that relatively to the current situation, ES can climb on some 10 points higher than the highest signal candle point, according to the statistical average. So the border line is near 1074p on ES chart.
Plus, please note that tomorrow is quadruple witching with four key financial instrument expirations (including stock index futures & options with stock futures & options). So, with the usual volatility increase in such days, we have a chance to exceed 1st september total volume. In that case closing price relatively to open price will be in principal.
* td ES vol 7.8% lower than 1st sep vol
* meques mrs gave sell signal ytd night at 2200 ET
Buyers have continued pushing to the upside. In the early trading on 17th september ES have posted its fresh high at 1071.25p. First 30 minutes volume was near twice higher relatively to the day before. Still, not enough to make sustainable upside session. Already on the next 30 session minutes, market sharply rejected bulls attempts.
Moreover, as it was also yesterday, volume performance have broken usual mode with gradually shrinking volume close to the middle of the session and the overall smile alike pattern again was ruined. Today, as sellers, starting from 1030 ET, were dumping the market, volume has increased dramatically in comparison with an average of the last 50 sessions. Closing bell ES have met with some 0.3% loss, near 1062-ish area. Total volume have little bit exceeded yesterdays, but still lower than 1st september downside session total volume number.
Elsewhere, finally Meques MRS strategy has given sell signal. As you can see below & i have noted in the yesterdays post, final confirmation should be taken from stoch lines. And today at 400 Zurich time or yestardays night at 2200 ET we got it.
Once again, with the internals, when strategy sell signal is confirmed by at least 2/3 tech indicators in the relative SPY ETF four hour chart, near 90 percent (or in 9 from 10 occasions back from october 2008) of a trades based on signal are profitable. But still do note, that relatively to the current situation, ES can climb on some 10 points higher than the highest signal candle point, according to the statistical average. So the border line is near 1074p on ES chart.
Plus, please note that tomorrow is quadruple witching with four key financial instrument expirations (including stock index futures & options with stock futures & options). So, with the usual volatility increase in such days, we have a chance to exceed 1st september total volume. In that case closing price relatively to open price will be in principal.
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