”PAIN” BUT NO SOFT LANDING – DOWN VOLUME BULLISH NARRATIVE FLAWED
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
No Soft Landing
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 volume on a chart can provide you with significant information.
- Even though the volume was heavier on Friday, it was less than the volume near June lows and earlier in May when many tech stocks bottomed. This is a negative for the stock market.
- The chart shows that the selloff in the market was on heavier volume compared to the rallies.
August 29, 2022