In the past 3 days, we see higher closes in the market and most tickers have finished the past 3 days greenish! But looking at volume and compare it to the past week's average clearly shows the weakness on the buyer's side! More neutral days could be the most probable scenario in the coming days!
AAPL, MSFT, GOOG, AMZN, and FB have seen higher prices at lower volumes..! which is not a bullish sign!
Waiting for better entries could be a good choice!
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Many people do not know that trend is reveresed...tommorow is the real battle with short term down trend lines.SPX and NDX certainly go higher..there may be some minor negative trades in upcoming days but today's buyers are tommorow's winners
SPYder_QQQueen_Trading
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@SaeedSajedi, I do not think that NDX and SPX go higher... I think they have quite a long way down still to go.
SaeedSajedi
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@LadyAmalthea12, Lets see. Different ideas are beauty of market. You may be right lets follow the market.
SaeedSajedi
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@LadyAmalthea12, I think they make a new ATH. But they should break the short term down trend line first. There will be a great battle in upcoming days
SaeedSajedi
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@LadyAmalthea12, Now spx is above down trend line.It is important to realize the general trend my friend