E-mini S&P 500 TFlow and Constant Volume Charts
So far, today, the constant volume chart, set to 10,000 contracts is indicating steady selling based on the RSI readings consistently closing below 38, and peaking well below 62. This is classic down trend momentum behavior.
The TFlow chart of the E-mini S&P 500 with my two studies, TFlow Volume Cross Study (TFVCrss) and the TFUmTFD study, are set two 5-bar look back periods. We can see that the buy volume line (green) was starting to peak above the sell volume line of the TFVCrss study. Once this buying was done traders came in and hit bids, as indicated by the sell volume line leaping higher.
Keep in mind, the TFlow chart view is a very short-term view, and the situation can quickly change.
To read more about these two custom studies, please check out my article TFlow Custom Studies.