Quote from thebuzzkill:
I see something similar on the YM daily, this is the Sep contract. Good spot. On both the sp-500 and dj-30 indexes the vol has dried up considerably. I was expecting a crash to be honest especially when the nasdaq and the nasdaq100 broke out of their weekly channels, but i will trade whichever way my signals tell me. I still think that we will finish the year down on th indexes (hopefully not my account), if you scan through actual stocks, I see very few stocks that look strong. But if the market wants to go up then I am happy to play. But any positional traders I think need to be very careful on their long plays.