Transparent Accounting - Friday, page-7

Bit of a "top pickers nightmare" over in the U.S.

Last night saw some selling come into the futures market (ES)

Which might be the precursor to a pullback of some sort..... probably not THE top though.

ES ~30min chart, 1 point wave, volume in 1000's of contracts

Compare the upwave on 287,000 contracts (circled) to all of the other upwaves on the chart, especially the few just before it.
287K to the upside, should have reasonably made a higher high, it had easily enough power within it,
but it didn't/or couldn't, and therefore infers selling into that particular rally.




cheers