The low volume rally (with the exception of one across-the-board accumulation day last Wednesday) finally took a breather on the current media scapegoat that’s flooding everyone’s timelines… Yes we all know that oil impacts the market (actually it always has some effect, be it high or low), but so do many other factors. At the end of the day the blame seems to be easiest to assign to the biggest headlines, so there you go.
Underneath all of that, though, we have the real pulse of the market which is volume, and today’s pullback may have been crude for the bulls (pun intended), but the move was light in the volume department for the bears. On the HeatThe indicator descriptions in the above graphic represent general market sentiment and are not the actual TVO System signals. To view today's active signals and options trades, please Login. Not a Member? Join us.