![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9421sy7Ku2KdrAvJaqoS0JVVopr6dhj8e-C2ltAmVHdFMIbVAJtrRMAL2G47w4BdudHXeKc-b5wk2PsKC-nRMLYpOiaFbLklJgxVlVujueBSHQ6NuaESWCIV1-RM_YxXD2kKIXg/s400/ES061209b.gif)
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.
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