Volume on the Close

Discussion in 'Index Futures' started by ZBEAR, Mar 31, 2008.

  1. ZBEAR


    Question for you guys.

    Watching the Russell mini's today,

    On the ..."One Minute"... bars you had about 1800 contract volume at the open.

    That was the most volume for any one minute bar for the rest of the day.

    Until the close...... where we had a one minute bar that spiked to over 6400 contracts.

    Same on the ES just different numbers.

    The question is..... who does this kind of size......
    Is it the FED ?......or just the funds ?

  2. gnome


    You can't rely on anything you see on window dressing day. Heavy volume near the close is most likely by some players who are forced to unwind, cover, roll over or something.... maybe just puttin' a lil' lipstick on their pig.
  3. ZBEAR


    Thanks gnome, Good explanation.

  4. There is heavy volume every day on the ES from 15:59 to 16:01 as traders have the switch from daytrading to overnight margin and from traders that exit when the cash market closes.
  5. ZBEAR


    Yes, I understand that......but "usually" not that degree of volume.

    I think gnome hit the nail on the head.

    Thanks for your reply.