Cumulative ES Volume Now 25% Below Average
No fundamentals driving the market, just robots correlating tick for tick with the EURJPY. Exhibit A: cumulative ES volume is now 696k contracts below the 2.654 mm average through this point in the day, or 25% lower. Look for volume to pick up as a recently decoupled DJIA catches up with the S&P.
And here is where someone lost patience with this directionless market and took a sizable dump.