This is advise: don't read this chart post, it's not a happy one.
Weekly chart
I've zoomed in so you guys can see a bit clearer. We are still tracking towards that long term support of 6.6 with the last 4 weeks showing a net sell. Still no positives showing in the charts.
Net selling for last 4 weeks
this week: 3.53m
last week: 4.84m
2 weeks ago: 17.96m
3 weeks ago: 2.096m
We are very early in the week but it looks like this weeks selling will surpass the previous including June's number.
Here's the monthly so you can compare with my previous chart post. The chart at the bottom shows the net buy/sell levels, also included the traditional volume indicator for perspective.
Fun fact/s (sort of I guess).
highest net buying level: January 2021 (171.9m, SP ranged from 1.1 to 3.4).
lowest net buying level: Sep 2020 (116.5m SP ranged from 1.1 to 1.5).
Highest single month increase in SP: January 2021 of 183%
Highest single month fall in SP: December 2022 of 38%.
Just had a look at the posts from Dec 22 and note I still see a lot of the names that are still active today also interesting to remember what we were talking about back then - PEPR.
if you got this far, thanks for reading against my advise at top ;-)
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