ES hourly (up/down volume swings represented as width). The double top is irrelevant because it's already reached its target. Small bounce off POC so far. Volume in the downswings is building (pink). If it breaks down through the POC, will go down to 5185, representing another 1% drop in US markets.
Then it's a matter of looking at just how much selling comes in during the next breakdown (if it eventuates). In the past I've been reasonable at picking tops, but usually 1-2 weeks ahead of time. Mentioned this a few weeks ago, so maybe it's time now.
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- Afternoon trading April 3
ES hourly (up/down volume swings represented as width). The...
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