emehoke

sp dropping out of consolidation.

Short
CME_MINI:ESU2021   E-MINI S&P 500 FUTURES (SEP 2021)
what price does at a consolidation gives you a good idea of what it's going to do in the future.

If price is at a high volume node, that means buyers and sellers think it's fairly priced.

In this case price is moving lower out of the consolidation region. This tells us, at least for the time being, that buyers are stepping away.