LACK OF SELLERS IN THE STOCK MARKET, CHINA RETALIATES AGAINST U.S.
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Lack Of Sellers
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 that after a very shallow pullback, the stock market has moved higher.
- The chart shows that in this bullish environment, the breakout line acted as support.
- The chart shows that the volume remains low during this rally. The interpretation in this case is that there are very few sellers. As a result, it does not take much for the market to go higher.
December 3, 2024