Across the board the dominant price volume relationship was Close Up and Volume Down-300 S&P stocks came in like that, nearly half of the Dow. This also happens to be the most bearish of the 4 P:V relationships.
Traders were content with today's gains or the PPT was and there was no further upside through resistance hit 3X forming a progressively worse negative divergence. Everything is lined up nicely for their breakout of the wedge to be a false breakout, we just need price to confirm of course
Just a word of caution to those of you who are trading leveraged WTFs of market averages,
5 years ago
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