Friday, June 12, 2009

A Look at a Slow, Range Trade

Here's a look at my recent Market Delta screen; note that we've built volume around the 935 area in the September ES contract, as we've oscillated around the volume-weighted average price. With relative volume turning quite low, the range trade is likely to continue. In such a trade, it's the moves away from VWAP that provide good potential fade trades.