Buyers in Trouble?

Today was the biggest volume print in the NYSE since March. Maybe it was just BABA but who the hell knows.?

The ES closed down just 3.5 handles, and the IWM managed a 1.5% decline.

I continue to view increased volume like this on down days as very distributive.

Despite no out right real damage.

Intraday: Buyers stepped in before the prior day ES lows for a strong push back to VWAP at 10:20.  With such a steady grind down, I had no entry metrics to lean upon to game this reversal trade.  A minor low of the prior session at or near 11:00 would have been perfect.

VWAP late day reversal trade a high odds trade, but it was late in the session.