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.
Stewie,
ReplyDeleteLooks 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?????
ReplyDelete