Check out the chart on SPY weekly. As you can see, TTM has started to show that volatility has started to come out of the move (light cyan to dark (lower indicator)) all while SPY has continued to push higher. All times before this has signaled local weakness and a subsequent pullback ahead.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.