Wild swing in $SPY momentum. We went 53 straight days without a close down 0.84% or worse—then boom, we might hit two of those drops in just the last two days.
That's how fast the tape can flip. Long stretches of grind-up action followed by sudden air pockets. Classic volatility compression into expansion.
If you were riding the melt-up without stops, this is the reminder. When calm breaks, it breaks fast. Watch how price reacts at support—bounce or breakdown will set the tone for next week's trade.
That's how fast the tape can flip. Long stretches of grind-up action followed by sudden air pockets. Classic volatility compression into expansion.
If you were riding the melt-up without stops, this is the reminder. When calm breaks, it breaks fast. Watch how price reacts at support—bounce or breakdown will set the tone for next week's trade.