SPX moving to bounce target perfectly!

Discussion in 'Stocks' started by Adam H, Jun 28, 2016.

  1. Adam H

    Adam H

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  2. J_Smith

    J_Smith

    May be right - or wrong!

    Best plan is to trade it whatever way, when it happens!

    J_S

    Screen Shot 06-28-16 at 03.16 PM.PNG
     
  3. Adam H

    Adam H

    Bounce target hit.
     
  4. TradeCat

    TradeCat

    Hindsight.
     
  5. [​IMG]
    Chart courtesy of http://www.marketvolume.com

    1. Friday-Monday selling on high volume - means Big Number of Bulls are buying from the Bears, yet Bears are stronger and they push the price down

    2. today we had 205 smaller volume - Bears decided to yield to the Bulls who run the price up.

    3. At the end of today's trading session, we had small increase in volume - the Bears attracted by higher prices are slowly coming back, but they re not able o beat the Bulls.

    If we see further increase in volume - would be a sign of more Bears trying to sell to the Bulls at higher prices - if the Bears beat the Bulls we will see another reversal down which will push the price below yesterday's low.