Non-confirmations continuation

Sluggish session has represented just another fresh highs. Today volume again was too low & one more time did not confirmed market push higher. Total volume on 14th september was 8% lower than an average of last 50 sessions & some 10% lighter than 8 sessions since 1st september, autumn start. Before the bell, 1022.5p – 1028.75p ES volume cluster have played out nice support level role. Nevertheless, on the early session ES volume pick up, market did push to the fresh highs (first hour and a half of the main session volume increase nicely depicts it). Brut soon, to the middle of the session, volume has waned dramatically.



Still, on the last 30 minutes we saw two positive moments for the bulls: financials was leading outperformer & ES posted fresh high on the last 30 minutes main session with volume equivalent with to last 50 sessions average. Back to MRS strategy, do see ES continued chart on the next sessions forming nice sell signal.

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ES (S&P 500 E-mini futures) trading
by Meques Moscow Finacial