* td ES 1330 ET vol 63.2% higher, 1400 ET vol 81.3% higher and 1430 ET vol 61.1% higher relatively to last 50 sessions average
* td ES vol 19.8% lower than 1st sep
* td ES vol 7.7% higher than 50 sessions average
* no rate change – now eye on Pittsburgh
Quotes from today Fed announcement: «Economic activity has picked up», «although economic activity is likely to remain weak for a time».
I do like such rhetoric. But «not so good, as it looks like» bias, more clearly have revealed Wen Jiabao on the Davos economic forum passed few weeks ago. «The foundations of China's economic recovery are not stable, not solidified and unbalanced» – chinese premier said. Why did not Big Ben with his team tell in the same manner?! But enough of that.
Hey sellers! Where have you been for so long? When i do say «so long» I mean since 1st september slump of current sluggish, in response with volume dynamic, month.
Today total volume didn’t exceeded 1st autumn day volume. Still, last half an hour of today 23rd september session have exceeded more than 60% relatively to last 50 session median, plus, the same, 1430 ET volume posted the highest number for that time since i have started tracking each 30 minutes ES volume 63 sessions ago.
As the chart above nicely depicts, on the sharp downside move, volume increase was dramatic. In combine with the fact, that since 1st september downside session, none of the following total sessions volume number didn’t exceeded the first day of the month, bearish sentiment got plus one more point. But again, my final conclusion, is the same as i have posted yesterday, – until nobody cares volume non-confirmation, the room to an upside is open.
* td ES vol 19.8% lower than 1st sep
* td ES vol 7.7% higher than 50 sessions average
* no rate change – now eye on Pittsburgh
Quotes from today Fed announcement: «Economic activity has picked up», «although economic activity is likely to remain weak for a time».
I do like such rhetoric. But «not so good, as it looks like» bias, more clearly have revealed Wen Jiabao on the Davos economic forum passed few weeks ago. «The foundations of China's economic recovery are not stable, not solidified and unbalanced» – chinese premier said. Why did not Big Ben with his team tell in the same manner?! But enough of that.
Hey sellers! Where have you been for so long? When i do say «so long» I mean since 1st september slump of current sluggish, in response with volume dynamic, month.
Today total volume didn’t exceeded 1st autumn day volume. Still, last half an hour of today 23rd september session have exceeded more than 60% relatively to last 50 session median, plus, the same, 1430 ET volume posted the highest number for that time since i have started tracking each 30 minutes ES volume 63 sessions ago.
As the chart above nicely depicts, on the sharp downside move, volume increase was dramatic. In combine with the fact, that since 1st september downside session, none of the following total sessions volume number didn’t exceeded the first day of the month, bearish sentiment got plus one more point. But again, my final conclusion, is the same as i have posted yesterday, – until nobody cares volume non-confirmation, the room to an upside is open.
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