SPX moving to bounce target perfectly!
- Thread starter Adam H
- Start date
Chart courtesy of http://www.marketvolume.com
1. Friday-Monday selling on high volume - means Big Number of Bulls are buying from the Bears, yet Bears are stronger and they push the price down
2. today we had 205 smaller volume - Bears decided to yield to the Bulls who run the price up.
3. At the end of today's trading session, we had small increase in volume - the Bears attracted by higher prices are slowly coming back, but they re not able o beat the Bulls.
If we see further increase in volume - would be a sign of more Bears trying to sell to the Bulls at higher prices - if the Bears beat the Bulls we will see another reversal down which will push the price below yesterday's low.