Here's a more nuanced version:
Above is a condle volume chart.
In the early stages of this rebound, there was plenty of optimism with big volume on the positive day Friday, 6 October.
In the past week, on STW (an ETF tracking XJO), volume has been light. Suggests that the initial optimism may have been misplaced.
2-Day EMA of Force Index (FI includes direction, range and volume) shows a negative divergence from the chart of STW. i.e., less support for the upside movement.
It looks like a dead-cat to me - but nothing is certain in the markets.
It may be that when Israel begins its land based incursion into Gaza, we'll get a big rally because the end of this devastating war is near its end.
(Remember what happened when U.S. and Allies invaded Iraq.)
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Here's a more nuanced version:Above is a condle volume chart.In...
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Change
4.900(0.06%) |
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