The open
Index futures drove one direction for twenty minutes on strong participation, which set the session's VWAP slope early.
Midday
Volume fell off a cliff and ranges compressed. Most of the day's avoidable losses happened here, in setups that looked like the morning but had no participation.
The last hour
Volume returned and the earlier trend resumed. Traders who sat out midday had full risk available for the cleanest part of the day.
Educational review of a past session. Not financial advice, not a recommendation, and not an indication of future results.