S&P 500 shows presence of demand with volume spread analysis

S&P 500 futures (ES) had two bearish bars on last Thursday and Friday, with the close near the low of the price range. It looks bearish at first glance yet with simple volume spread analysis (VSA) by comparing the bar on Thursday and Friday, we can spot the presence of demand on Friday’s bar because with increasing supply level, the price spread is smaller with a demand tail. Shortening of the downward thrust was also seen in hourly (H1) chart.

Check out the video for a complete walk through of the daily market analysis of S&P…