XLD 1.69% 1,618.9 s&p/asx 200 2 x daily leverage index

S&D, S&R, Trends, Fork's and Turnarounds, page-153

  1. 16,642 Posts.
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    Yeah, there was definitely reduced demand in most of the sectors on Friday.....dunno exactly why (I actually expected volumes to be high'ish, as the exchange often holds over some volume from expiry (on Thursday) and adds it to Fridays volume)
    (OK maybe they don't actually 'hold it over' (or maybe they do....), but perhaps it is some sort of reporting issue, or something)
    So anyway, I'm not sure how reflective Friday's volume is of the overall market, or not......
    I guess if we go up again on Monday, then it means nothing..........and if we go down, it may be more important.....

    Two inside bars can often mean price will accelerate away strongly (a buildup of pressure...), once direction is established.

    cheers
    Last edited by Jako8557: 21/05/16
 
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