Placebo

ES running in to resistance at 1100 ish. Will see how it reacts.

Hi, thanks for this thread, really enjoying it, I've learned a lot. I have a question fo DB and others. It's just an observation that occurred to me yesterday as I was watching a trend day develope. When price is moving up and hits resistance, is it a rule of thumb that the bigger the reaction the the bigger the resistance from sellers? What I mean is yesterday on SPY price moved quite easily through some resistance without much of a bounce, is this a clue to the strength of the buying and a possible hint to it becoming a trend day? I've illustrated this with yesterdays action, as you can see, not much of a bounce through resistance, just looks like hesitation on the part of the buyers, sellers no where to be seen. Yet in the second example from the previous day when price hits resistance there is a bigger reaction.