The rally is in my mind running out of steam and in due time sooner rather than later we "should" see a major correction start to unfold. Fewer and fewer stocks are supporting the recent advance. The volume on up days has been pretty much been non-existent. Also the VIX has been drifting into areas of complacency showing that investors are less fearful. These charts will be very interesting to watch over the next few weeks.
2 comments:
Stewie,
Looks like quite a sell-off in the ES today. Should be an interesting half day tomorrow.
Tyler
interesting indeed. let's how much volume kikcs in?????
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