ES Template, test for sellers

Ideas early today:


Another day with 3 million plus traded.

Test for sellers and rejection of multiple previous range (cant say was low volume).


Buyers in control for now and wanted to buy at lower prices.

Template of end of 2014 – some gap fill areas were enough to stop the slide. Delta was -50k for globex, this is usually the delta 2-3 hours before the close of a 2% trend down day.

es template

Gaps above


Daily chart – Friday had the largest EOD delta, not Mondays continuation and insane drop. See how the distributions of delta and volume appears even around the mean (normal distribution of small sample).



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