Volume has gotten very low the last several days. A big move is definitely about to happen.
I'm torn, maybe leaning 60-40 in favor of a bullish resolution. Can't rule out a brutal shakeout from here though, especially since everyone seems so bullish. That Fear & Greed index is looming.
I'm torn, maybe leaning 60-40 in favor of a bullish resolution. Can't rule out a brutal shakeout from here though, especially since everyone seems so bullish. That Fear & Greed index is looming.
I've always seen low volume to indicate that the move is without conviction, which in this case is our move up to a 3 year high.
True, some people would consider rising on low volume to be bear flag behavior.
Or maybe it's just "the calm before the storm." Volume might come in after the ATH is broken, confirming the strength of the trend. I don't think we have enough information to say yet.
