Accumulation and distribution is one of the key components of volume price analysis and in this session we take a look at the US markets and in particular the YM emini over the weekly and monthly timeframes. As equity markets continue to weaken under the pressure of the FED, understanding and identifying these regions is key for longer term investors. But of course, accumulation and distribution takes place in all timeframes and all markets and it is these constant and repeating waves of buying and selling which then create the classic Wyckoffian cycles of price action, from accumulation to distribution and back again.
In this week’s session I explain the concepts and principles in more detail before moving on to focus on the emini indices and trading as an intraday scalper using the Quantum Trading tools and indicators in both time and tick charts, along with the renko on NinjaTrader.
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