Check out the volume on this chart. Q: How do you put a picture in the post, rather than a attachment ??
"Does Volume on SPY say a bounce is on ???" Below average range on above average volume, I'm starting to lean that way. Of course it's only one day/price bar.
And of course NEWs trumps TECHNICALs Cheers. ALL that volume could mean massive short positions ready to profit on a plunge ! VIX above 35 soon maybe !
One trade ie 83m at $124.76 at 11:45am pretty much explains the high volume. I haven't got a clue how to post pics but here is the link ti the yahoo chart. http://finance.yahoo.com/echarts?s=...=on;ohlcvalues=0;logscale=on;source=undefined