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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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.
Is this indicator available for purchase?
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