SPY Prepare for Volatility
As volume increases, so do candle sizes. We are seeing both here, and this could be the start of a volatile couples weeks or longer. Prepare for a range expansion (we are pressing on the bottom bollinger band) and many volatile price moves. This typically includes a downward trend with a few big green candles tossed into the mix (trapped buyers). There's no doubt are market is losing momentum, as it should after moving nearly 100% in a year.
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