SPY: Buyers come in again after a low volume day
Today's bar was a bullish bar and went above the high of yesterday's
low volume bar. April 27 and April 28 were low volume days
as well.
When price continues to put in new highs despite
these low volume days it is a good indication price is headed higher.
4250 and 4300 are the next targets for the S&P.
I do not advocate buying into the highs so entering on pullbacks
waiting for a price action entry is best.
We'll see what tomorrow's bar brings.
low volume bar. April 27 and April 28 were low volume days
as well.
When price continues to put in new highs despite
these low volume days it is a good indication price is headed higher.
4250 and 4300 are the next targets for the S&P.
I do not advocate buying into the highs so entering on pullbacks
waiting for a price action entry is best.
We'll see what tomorrow's bar brings.
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