Nice Tell for Range Bound Trade

While the NYSE TICK has been in positive territory much of the morning, supporting relative strength among NASDAQ and Russell issues, we've seen no dramatic lifting of offers among large sellers in ES. That has kept us in a range mode, oscillating around VWAP, as noted in the morning tweet. One nice tell that we're more likely to be in a range trade is when cumulative TICK and cumulative Delta are not moving in sync.
.