60 minute chart from Ron Walker
Quote from http://inter-market-analysis.com/
Friday, the SPY hit its 52 week high double top. The move up has been on the lightest trading volume in 5 years. This is very worrisome as large investors and institutions are obviously not buying at these levels. In addition, the volatility index is not making new lows like one would assume, telling us storm clouds are brewing on the horizon.
Bears woud probably be well-advised to wait for a signal on the chart below (Ron Walker)
Quote from http://inter-market-analysis.com/
Friday, the SPY hit its 52 week high double top. The move up has been on the lightest trading volume in 5 years. This is very worrisome as large investors and institutions are obviously not buying at these levels. In addition, the volatility index is not making new lows like one would assume, telling us storm clouds are brewing on the horizon.
Bears woud probably be well-advised to wait for a signal on the chart below (Ron Walker)
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