Wyckoff trading method, page-1631

ASN update. Today was another down bar on the 5th highest volume to date, and although the lowest of the big volume days still above the MA21. A 4M volume achieved a 7 point spread. Part of todays bar is above the close of yesterdays bar indicating some strength and an attempt to rally, and the bar finished slightly above its low indicating hidden buying/demand and another indicator of some strength. Looking within the bar to the intraday we can see that despite the attempts to rally, sellers overcame the buyers.

Compared to yesterdays bar approximately 1/2 the volume achieved a 1 point smaller spread, ease of movement is improving in the wrong direction indicating lack of demand.