Market Wrap – Bullish Volume Flows
Extremely heavy positive volume in the 3X ETFs, such as NUGT, JNUG, LABU and ERX, have been quite predictive of intermediate cycle lows and bullish trending moves that follow. The S&P 500 has made a breakout to new highs but it is possible that this move was manufactured by big money to escape their long positions.
Video Length - 00:09:46
Disclosure: None.
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
