Volume Nearly Always Precludes Price-Action

Kicking off October...

Kicking off October...

October has kicked off with a bang.

heavy-volume selling has hit just about all the major indexed and sectors, with the exception of the S&P 500…

We thought we’d see this in September, but have been seeing the warning signs via heavy selling for some time.

Volume nearly always precludes price-action.

What we’re looking for now is pullbacks to the 50-day averages.

For the S&P, that’s the 1020 zone…

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