-
1 Attachment(s)
20DMF
The S&P500 is running for a new high today.
In such conditions, even pigs are flying.
Tech and the Russell are outperforming, thanks to shorts covering.
You can buy intraday pull-backs as we could have an official follow-through today, which means that more shorts will cover tomorrow... and that will play a bullish pattern with the options expiration as a target for a shakeout reversal.
Pascal
[ATTACH=CONFIG]23936[/ATTACH]
-
Currently (noon EDT) NASDAQ volume is running 12% behind Friday's volume. A lot of people are going to have to hit the buy key to get a follow-through.
-
[QUOTE=mscott;28009]Currently (noon EDT) NASDAQ volume is running 12% behind Friday's volume. A lot of people are going to have to hit the buy key to get a follow-through.[/QUOTE]
Thanks Mike!
It is good that you are there to check on this issue, because I have no access to a time-weighted volume comparison.
Pascal