12.12 analysis on s&p.Intraday.
It began trading on a new contract, now it forms volumes to start a nice movement that surly will be next week=)
On Friday there was only one deal-a good oppotunity to buy in 11th hour.
To make it clear -the volume of 9th and 10th hours forms the "mood" of the market till the end of a trading session.There may be some reversing large volumes in the second half of the day-but they are easily seen.Volumes of 9th and 10th hours may be considered as a "corridor" of two prices.If market is under that prices-we are in a "sell zone", what means you shouldn`t buy=)
If market is above-we should look where to buy.
Friday`s max volumes per hours:
Market "gave deal" from volume of 10th hour and max volume of the day.One important thing-before you open your position - make sure that you aren`t opening position against max volume of previous 15 min.It is a very good ensurance=)
That means we should buy above and sell below max volume of previous 15 min.
Cutting one chart on many, with interval-an hour and their imposing against each other helps to evaluate better a current situation concerning last time periods and volumes. So that happens speculative movements.