Thursday Update

/ES Update: Market moved above YVAL 2548 with volume falling, with buyers leaning on 2548 and 2551 towards GAP-YPOC 2552.75 and PBTs 2560-62. Current auction range finds balance at 2558, excess 2560-62.

Yesterday and Today bearish volume at record highs is a signal of bullish weakness. That means more sellers at the top than buyers at the bottom of daily range. Under this scenario, the odds of a liquidation break (means a bearish trend sequence > -1%), increase significantly.

Disclaimer: All information on this update is for educational purposes only and is not intended to provide financial advice.

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