I just don't find it very useful at all to use volume in the S&P futures or Bond futures when I am trading intra-day. Sure, I was on the floor too, and as a local you could see the volume trade at various prices . . . Yet, I think that because of the synthetic and secondary nature of the S&P futures to the actual cash market SPX, it really doesn't give you the kind of information that it would in a Primary commodity market like in Beans, Corn, Wheat, etc.
Thanks Waggie, I can see how that might be less useful in the S&P with all the hedging, etc. Appreciate your response!
OK, apparently my last post was written in invisible ink. sorry about that. I'll ask again, Waggie, what are the long term pivot points for the s&p right now?
Sorry buddy, but I have been trying to cut down my posts on ET. It appears to be a much more productive use of my time. Weekly S&P Pivot for March Futures: 1129.00 Monthly S&P Pivot for March Futures: 1130.90
Maverick Here's a site that gives weekly and monthly pivots for the various futures. I think it was Scientist who first posted this here. If nothing else, it's a good way of double checking your own calculations. http://216.15.254.15/index.cfm?Showtemp=s/PivotsTable.cfm
Now Bullish Inverted structure on scale 3 see http://www.elitetrader.com/vb/showthread.php?s=&threadid=24706&perpage=6&pagenumber=9 <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=425401>