SPY has rallied exceptionally fast since bottoming out in mid to late April, gaining nearly $60 in ~2 months. However, this rally is not supported by volume whatsoever. We have had some of the lowest volume in history on SPY since May.
Here's a volume analysis chart for SPY:
ycharts.com/companies/SPY/average_volume_30
You can see that volume has been falling off of a cliff and is near the lowest levels in decades. There's been a steady decline in volume since the major bottom in 2009. This is a big reason why I believe we are nearing the end of a 15 year accumulation and distribution cycle.
Here's a volume analysis chart for SPY:
ycharts.com/companies/SPY/average_volume_30
You can see that volume has been falling off of a cliff and is near the lowest levels in decades. There's been a steady decline in volume since the major bottom in 2009. This is a big reason why I believe we are nearing the end of a 15 year accumulation and distribution cycle.
You reap what you sow.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Penerbitan berkaitan
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.
You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Penerbitan berkaitan
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.