Effective Volume Update
Attached is the updated Effective Volume charts from http://www.effectivevolume.com of the SPY, QQQ and IWM ETFs. The S&P 500 and the Russell 2000 have recovered back above their 20 day MAs, but the Nasdaq 100 has sold back below it's 20 day MA and is on a sell signal. The other thing to note is the divergences with the price action, which is pushing to new highs whereas the effective volume is still below the February highs. So price is moving higher on flatish to falling volumes.
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Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.