TVO Daily Market Barometer 2/17/16

The four-day rally off the retest of the lows on the S&P 500 started with a fizzle volume-wise, but ended up like a full-blown explosion on Wednesday, as advancing volume jumped even further than the previous session, sending the HG almost into arctic territory. Unlike Tuesday, though, overall volume across all the indices got a boost this time, making the message clear that big institutions are participating in what is now shaping up to be a unified move.

But wait, haven’t we seen this before? Well, yes there was a similar move on 1/29, which quickly turned south. Perhaps

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