Here we see how current ES volume is trading relative to the median volume for the past several weeks. We started the day with above average volume and the day's relative volume has expanded through the session. That suggests that lower prices have attracted participation; we've not, to this point, seen a drying up of selling.
Relative volume--and the direction of relative volume--is an excellent tool for gauging the likelihood of hitting the profit targets that I post each morning. When we see elevated relative volume and signs of a trend day, the odds of hitting the R3 or S3 levels are very high.
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