Tuesday, June 30, 2009

Looking for a Market Transition


Looking at a possible transition pattern in the ES market: high volume selling becomes low volume selling becomes net buying. We need to see new highs in TICK to confirm influx of buying; less selling alone won't move a market higher.
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2 comments:

Matt Fahmie said...

Hi Matt,

What's propped up the market is the absence of selling, not the enhanced presence of buying.

The reduced participation has restrained movement; the volume/volatility relationship is statistically significant across multiple time frames.

We've added all 8000 shorts that have been pulled since today's low back on at 913.5, looking to push to make a new low, we need to see greater than 56000 negative delta to accomplish.

Ceschiatti said...

Is this indicator available for purchase?