Shown in the chart below, the ES seems to be following suit as far as the volume is concerned in this spike to the upside. Volume means power in relation to directional conviction, and while I would be more comfortable with increasing volume, so far I’m not that worried about the lack of it in this move to all-time highs. It just seems to be the way the ES moves. Since there is nothing to frighten the market, it is just drifting higher. Barring any news, this is just following suit.
Topics: Market Updates
The holidays are upon us! This is always a good time to look back at your trading this last year, think about the things you have accomplished, and think about what you want in the coming year. The best traders will be taking time to review their performance for the last 12 months, keeping humility and honesty in the front of their minds.
Topics: TopstepTrader Company Updates