A Look at Significant Volume Prices
I like to look within the Market Delta bars to see where price is facilitating a high degree of trade, and also to see whether the trade is one-sided (skewed toward the buyers lifting offers or toward sellers hitting bids) or two-sided (elevated volume both lifting and hitting). If you click on the above chart for the ES futures, you'll see where we had one-sided buying on the break to new highs (left arrow). You can also see where trade became two-sided at 1134, often an early indication of emerging resistance, as noted in the recent post. Such information tells us not only what is happening in the market, but who is participating and how..