Volume At Time

Below is chart via Bloomberg of volume at time, I use to judge if the current volume is above below average for this time of day. Today’s aggressive move higher in Spoos starting at 8:30 cash open is conducted with below average volume vs. 5 day over same period.How do we Interpret this is the question.Is it meaningless or does it indicate that prices can be pushed around without much effort so if someone wants to dictate direction they can with minimal volume,or resistance.

red Line 5 day volume at time,white Line today’s Volume

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