Watch the advancing vs. declining volume on the cash indexes.
I watch for >90% up days (opportunistic buying) and >90% down days (panic selling).
Friday was the first panic sell day since the market bottomed in June. We need to see this met with huge buying soon. Another 90% down day would mean a high chance of re-testing the lows and potentially making new ones.
I watch for >90% up days (opportunistic buying) and >90% down days (panic selling).
Friday was the first panic sell day since the market bottomed in June. We need to see this met with huge buying soon. Another 90% down day would mean a high chance of re-testing the lows and potentially making new ones.