The simple definition of a "distribution day" is a down day on higher volume than the previous day. Some investors pay attention to these days because when a number of them occur over a short period of time, it flashes a potential warning sign of a near-term top in the market.
The Volume on the ES was 55% less than the previous Inside Day and is the highest volume of the last TEN Days. To keep it in proper good logical perspective, it is 16% more than Tue Nov 09 an Outside Bearish Day and 15% more than Wed Nov 03 FED Day, a very bullish Day.
Will do more research on that subject.
Posts
No comments:
Post a Comment