Volume is a leading indicator of price. The $SOXLB 1-hour volume ratio is 5.5, turnover is $14.26 million, and the price is up 1.99%.
Volume has increased, but volatility remains modest. Bulls and bears are positioning; watch for the market’s next directional move.
First, see whether it can hold steady. Only then should we talk about the next leg.
Volume has increased, but volatility remains modest. Bulls and bears are positioning; watch for the market’s next directional move.
First, see whether it can hold steady. Only then should we talk about the next leg.