The SPY put in 3 low volume bars on April 6,7, and 8. These
are the yellow bars that I point out on the chart.
Buyers pushed price above the high of the April 8th low volume
bar and Friday's bar was just a "normal" buy bar. I say normal
because there was no indication it was a low volume day, a
churn bar, or climax volume day.
There is now at least a 60% chance that prices will continue to
trend higher and the next target is 4200 on the S&P. We could experience
a pullback but we are still going higher no doubt in my mind.
I have also pointed out with the yellow arrows what has
happened in the recent past when price passes above these
low volume bars.
There are several more examples I could point out in previous years.
I have also seen this happen over and over again on the S&P intraday
charts not to mention other equities where I have seen this
as well.
are the yellow bars that I point out on the chart.
Buyers pushed price above the high of the April 8th low volume
bar and Friday's bar was just a "normal" buy bar. I say normal
because there was no indication it was a low volume day, a
churn bar, or climax volume day.
There is now at least a 60% chance that prices will continue to
trend higher and the next target is 4200 on the S&P. We could experience
a pullback but we are still going higher no doubt in my mind.
I have also pointed out with the yellow arrows what has
happened in the recent past when price passes above these
low volume bars.
There are several more examples I could point out in previous years.
I have also seen this happen over and over again on the S&P intraday
charts not to mention other equities where I have seen this
as well.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.