The stock indexes are all in overbought territory and the Nasdaq and SPY will be extremely overbought on a 'green' open tomorrow.
The stock indexes are approaching all-time highs again with no volume to speak of. There is no buying conviction so buyer beware.
The stock indexes were whipsawed as triple witching option expiration and other tensions created heavy volume.
his is not a bullish scenario as the hedge funds can resume the selling at any time.
The stock indexes finished higher on Wednesday, as expected, with no volume. This is bearish on the margin.
The stock indexes closed lower on decelerating volume. That is bullish on the margin.
As the stock indexes continued their relief rally on Monday, the upside volume was lower versus Friday, which was lower versus Thursday.
The stock indexes closed with a strong upside bias Friday. This was expected because of the extreme oversold signal on Thursday.
Any relief rally will be met with selling.
The stock indexes moved higher Wednesday on decelerating upside volume.