Bulls showing no conviction - SPY500
Note
Note
8 months later - and we are still seeing almost no volume - this thing is running on fumes. Expect volatility soon, people have been predicting VIX will increase this year, and I'm inclined to agree. There is no volume trading this range - we have moved out of an equilibrium (79-160), and we're looking for a new point where supply and demand will agree is price - so far supply has not shown up, and demand looks weak.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.