uvol/dvol comparison chart is dvol straight up,uvol flatline,indicates trend day down, Pek, whats your resume of the selloff time structure?
This might sound crazy but if we take the measured move from this morning, we're looking at 811. That would be a 80+ drop from Friday's close, and you thought there's less volatility as prices drop!
we still have a gap from last hour fri a week ago to monda first hour a week ago from 779 to 815 on MP
USD/JPY is poking its low many times already. Daily points to 92 or lower for a proper test of its spike low of the year. Should imply lower ES level ...
ES looks weak. However, volume ain't too impressive either. But LOD should be taken out on this 5-minute bar.
adding to shorts here for scalp, 44 ledge on mp will not hold, 35-36 nip from tue next stop, edit sh 44.5
You reminded me of that triple lower low swing in that area which resulted in the thrust to the current swing high.
...but, I don't think we make a new low with current move down. May go as low as 790/800 and then rally to above 900 before the next move down. Friday is JOBS report --- could be the catalyst for the move down that will make a new low.