Just started intraday trading the ES. I for the most part only look at the dom and time/sales. Today I was seeing larger lot orders on the buy side throughout the day, 400-600 lot blocks, being purchased. Price remained fairly stable with a small bias to the upside. Then price might slowly trickle back down. volume and action was fairly low all day.
Am I incorrect in thinking that these large sized buys that were taking place over the entire day would indicate an institutional buyer? It ended up ramping up a decent bit at end of the day. Sp I'm thinking seeing this accumulation, especially in larger blocks, throughout the whole day was a nice indicator of the later run up. Any thoughts or advice? Thanks
btw-
**posted this in another forum and tried to delete but it said i do not have permission** figured posting in elite would be more beneficial