
PAY ATTENTION TO MYTHOS RISK, LOW VOLUME MELT UP, IGNORE HIGH INFLATION DATA, MARKET POSITIONING PRE-IRAN TALKS
By Nigam Arora To gain an edge, this is what you need to know today. Mythos Risk Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market has now rallied into zone 1 (resistance). The chart shows the volume yesterday was even lower than the low volume on the first day of the rally on the gap up. This indicates that, so far, there is no volume confirmation of the rally. There are two contradictory implications of the low volume: The






