E-mini TradeFlow Chart is Stair Stepping Higher
At the start, the e-mini S&P 500 TradeFlow chart is steadily climbing. The price action has yet to test a support zone. Buyers are in charge as the buy volume line (green) is trending higher over the sell (red) volume line of the TF5VCrs study.
Yesterday’s TradeFlow chart shows a test of a support zone, and how the TF5Um5D study formed a pivot low and began to climb. Next, there were a number of tests of two resistance zones, and the TF5Um5D turned down with the market declining until following the third test and the market edged out a new high.
To read more about these two custom studies, please check out my article TradeFlow Custom Studies.