ES Journal - 2014
- Thread starter murica
- Start date
By cumulative volume, I don't mean the typical cumulative volume index indicator, but rather the summation of intraday volume. I take note of hourly volume (particularly on SPY) since I am a subscriber to the low volume/bullish mantra, at least in recent years. Key levels that I note are above/below 15M @ 10:30, above/below 25M @ 11:30, above/belov 30M @ 12:30. As I mostly trade SPY/SPX options and use ES/SPY to hedge, I mostly use volatility indexes as primary indicators (in particular, the intra- and interday relationship between them) and SPY/ES intraday volume and uvol/dvol to help determine if I should add or remove a hedge to my option position.
Chart attached but not very useful quantitatively except to roughly see declining hourly volume during rallies.
Attachments
Is Janet gonna pass on the sentiment of the other fed members on Friday or just follow the path of her predecessor? Will be interesting to see.
"Many Fed officals said job gains might bring rate rise sooner"
add 80.5 avg 74 625, dont think fed can pay bond debt if they raise int, thnx for explanation on volume,will have to look at it
edit add 81 5
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If fed reserve raises rates US gov defaults which means technically fed reserve goes bankrupt along with the rest of the world who owns our debt. Rates won't go up for a long long long time as wage inflation is stagnant which will drive cost of goods down. Law of supply and demand. Feds just try to keep everyone guessing with there fancy language.
upper trend line on the hourly connecting July 3 and July 24. If we get that 1992 area, bet we get a couple handles more to 1996ish. Just food for thought.
Cancelled the add for now.