Market Structure & Flow

Looking beneath the price

Price tells me what the market did. I also want to understand what was happening underneath the move—who was participating, whether volume was expanding or fading, where liquidity was concentrated, and how positioning or recurring flows may have influenced the action. These are the market structure and flow concepts I use to add that context. I find them most useful when they reinforce—or challenge—what I’m seeing in price.

Participants & Positioning →
Who’s active in the market, how different participants operate, and how positioning and institutional flows can influence market behavior.

Volume & Liquidity →
What volume and liquidity can reveal about participation, trading conditions, and the strength or fragility behind a move.

Price Structure →
How I look at support, resistance, gaps, and price reactions to understand where buyers and sellers are responding.

Market Rhythms & Recurring Flows →
How trading activity can change throughout the day and around recurring events such as options expiration, month-end, and quarter-end.