April 10, 2026

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 lack of volume indicates that investors broadly have not participated in this rally.