Heavy Selling on Heavy Volume, What’s Next?
We saw heavy selling these passed two weeks on increasing volume. Look to sell into any rally if we see a decline in volume. A true rally will coincide with a massive drop in the VIX. Above we have the four top line figures, SPY, DIA, QQQ, and IWM (from left to right). Notice the increasing volume noted by the darker green and the incredibly large percent down days in the markets.