Heavy Volume

One thing I've noticed besides the lively volatility is the heavy volume that we are trading on the ES.  In general, when we have this kind of heavy volume in an intraday non-trending day, it tells me the market is having a hard time continuing its current short term path, which today is down.  It doesn't mean we can't weaken into the close, but it does tell me that we are less likely to have much follow through selling below today's lows either tomorrow or Monday.  There seems to be a lot of buyers at lower prices waiting for the pullback.