Will Santa Come to Town?

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When you take the ESZ/ESM spreads out of the ES’s overall volume, it’s pitiful. There is little doubt that the lower volumes have been playing a role over the last few days — AKA, the “thin to win” we’ve been talking about.

The higher the ES goes, the lower the volume. I know there have been longer rallies, but since November 1st, there have been 29 sessions: 21 up and 8 down. In other words, 72.4% were up and 27.5% were down. In the next few days, I will elaborate further on that.

Below in the Lean, I have a very special Q&A with Jeff Hirsch of the Stock Trader's Almanac.