SP500 Daily chart
The SP500 has now rallied back to the November low of 2008 750. So support has now become resistance. The volume on the retracement was light.
Q1 ends end three weeks, stock index futures are rolling over next week. Seems like a good time to force the shorts to cover.
Did you see the volume today in SPY,DIA?
Wasnât the uptick rule in place during the tech crash? I donât think itâs going to make that much difference.
Volume on the ETFs, DIA,SPY is somewhat light today for such a powerfull move.
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