Todays volume was very low which has been happening at interim tops the last few months. Fundamentals continue to disappoint but the price keeps rising. I dont know if it is possible to have a buying climax in the ES but Friday came close (it was also options expiry – people will soon forget it was stops being blown up during “expiration auction” that got us past 2100).
Current swing is 135 pts and I was wondering how this looks vs other monthly ranges.
There is a very useful Data Analysis add-in for excel which allows you to build histograms to quickly visualise this:
Data is based on months built from ES weekly chart for 1997-present on Market Delta.