Trouble is Brewing in the Markets

Join countless traders worldwide who use
the Hawkeye algorithms day in and day out to gain a powerful edge

Trouble is Brewing in the Markets

Today, I want to highlight that trouble is brewing in the markets. Price working together with volume is a good indication of future price direction. Today’s video shows why I think the markets are setup for a correction.

What do the charts say

Looking at the daily and weekly charts, volume and price show an engulfing bar that takes out the previous 4 trading day’s ranges. Historically, that is a very good indicator of either a reversal, or a correction.

The daily S&P 500 e-mini futures index (ES) shows this well, as does the NQ, YM, and RTY. Volume is showing high activity in this setup, and I want to refer to a new term for this activity: “V-Swarm”. In the coming weeks, I will be referring to v-swarm as the volume action in these markets.

The Hawkeye Perspective

When you see an opposing volume price bar completely engulfing a previous day’s price range, look for a correction at least, or possibly a full reversal. Only time will tell, but now you know why. Learn to trade the Hawkeye way.

You too can learn to trade the Hawkeye way by getting your own copy of our tools during our 40% Off Black Friday sales going on right now in our Store.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

[sg_popup id=13743]