SPY Rising While SPY Volume Declines

Cobra

In May of 2008 I showed how 3 higher closes in the SPX (while under to 200ma) had different implications depending on the volume pattern. Tuesday we had this 3-higher closes pattern appear in the SPY while SPY volume declined all three days. This is a slightly different twist and one worth examining:



This setup appears especially bearish over the 1st week. Possible bearish implications extend out much further than just a week, though.

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As I ready to publish this I see that Cobra also noticed this pattern last night. Check out his take as he identifies several recent occurrences on his chart.

canada9918

Thanks.

dlaodou

thanks

hotday

noenoe

buohya

u11

table too small to see

mappycarol

无量上涨是有点让人疑惑

ripplelet

so all in short?

leftright

thanks

JL01

table too small to see
u11 发表于 2009-9-9 14:57

Bigger chart here: http://1.bp.blogspot.com/_931wAN ... -h/2009-9-9+png.png

jackyking

jjhk

小跌一下，量就会上来了

trueself

thanks!

lascolinas

thank you so much!

wnd4

thanks