Telegram Trading

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Assessment: Is it June? It looked like it in the markets today. We dropped at the open and then did little else but trade in a very tight range. Volume was very good, but the bulls held close enough to key round number support ($510 in SPY) to keep everyone guessing even if the close was below.

Continue to see great volume on selling days and nothing on the up days. Would tell under the hood that people are trying to dump shares with prices here. What happens when there is nobody left to buy those shares to keep price propped up? I don’t know. Maybe the bulls rush in, but it is a concern.

Good luck in your trades!